Vodacom shares drop after profit report

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CorporateBusiness

Johannesburg - Shares of South African mobile operator Vodacom declined over 3 percent in early trade on Wednesday after it posted a modest 1.7 percent increase in revenue for the third quarter.

The South African unit of Britain's Vodafone Group Plc said its active customers increased by 12 percent to 51 million in the three months to end December.

Vodacom shares were trading 3.3 percent lower at 117.38 rand at 09:31 SA time. - Reuters


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