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Vodafone (VOD Quote) warned that revenue for the full year will be at the lower end of its previous estimate range, raising fears for other voice and data providers.
The U.K.-based mobile communications giant said that due to its first-quarter performance and recent economic weakness, along with lower-than-expected equipment revenue, it now expects full-year revenue to be near the bottom of its previously stated range of 39.8 billion British pounds to 40.7 billion British pounds.
Shares of Vodafone were dropping nearly 14% to $25.68 in early trading. European rival Deutsche Telekom (DT Quote) traded 6.1% lower in sympathy, and BT Group (BT Quote) was losing 4.6%. ...
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