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Africa’s Biggest Company Seeks Phone-Company Partnerships

  • Media giant Naspers targets sub-Saharan Africa for data deals
  • Will invest in artificial intelligence capability, CEO says
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Naspers Ltd., Africa’s biggest company by market value, is seeking partnerships with mobile-phone operators on the continent to boost its video-on-demand business and help compete with U.S. giant Netflix Inc.

The owner of Africa’s biggest pay-TV provider is planning to build on a joint venture agreed last year with Kenya’s largest company, Safaricom Ltd., to roll out online service Showmax at more affordable data prices. Safaricom is 40 percent owned by Newbury, England-based Vodafone Group Plc.