The US, the UK and Poland apparently are the cause of the recent deterioration. Less travel means fewer roaming revenues. Calling minutes in the US declined by a whopping 8%. And T-Mobile UK will take an impairment charge.
Is the telco industry immune to the crisis? I don't think so, but it kicks in with a 2 year delay.
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And incidentally, DT was probably not the healthiest horse to begin with.
That said, BT already had a profit warning on GS a few months back, didn't they ?
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