Vodafone To Cut Profit Forecast, Launch Cost-Savings Plan: Report

More gloom in the telecoms sector. Vodafone (NYSE: VOD) will cut its full year profit forecast, and announce a cost savings plan this week, reports the Sunday Telegraph, which did not cite a source. The global telecoms giant reports on its first half earnings on Tuesday, and is expected to reveal a slowdown in the UK, Spain, Turkey and Romania. In a separate story, the Sunday Times cited analysts who believe Vodafone could

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