Vodacom Group, Africa’s largest wireless carrier, announced a full-year dividend that fell short of estimates due to start-up losses and currency pressures in its new territories. Despite revenue growing by 26% to R150.6 billion, net income declined 2.8% to R16.3 billion. The dividend of R5.90 per share, compared to R6.70 the previous year, disappointed analysts who had expected R6.35 per share. However, Vodacom remains committed to capital expenditure and expanding partnerships across Africa to drive growth and increase connectivity.
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