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Mobile phones service provider Safaricom raised its full-year income forecast on Thursday due a sharp rise in new subscribers and revenue as customers increasingly used its mobile payments system and more lucrative data services in the first half of the year.
Safaricom's revenue jumped by 23 percent to 97.22 billion shillings ($952.67 million), while earnings before interest, taxation, depreciation and amortisation (EBITDA) rose 16 percent to 38.8 billion shillings.
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