Thursday, 6 November 2008

Voda to issue profit warning?

Speculation is growing that global mobile giant Vodafone could be the next major telco to issue a profit warning, ahead of its half-year results announcement next week.

According to U.K. newspaper the Times, there are signs that Voda is attempting to manage expectations on earnings, with the operator having contacted a number of financial analysts to gauge latest forecasts. As a result, the telco's share price took a hit.

Analysts agree that the company's reliance on developed markets for the bulk of its earnings could be its undoing, compounded by any disappointment in its emerging markets numbers.

Vodafone will publish its 1H figures on 11 November. Log on to Total Telecom - www.totaltele.com - for the news as it happens.

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