Telecom under pressure to hit forecast

CEO Paul Reynolds set to deliver first full-year report tomorrow

Market analysts will be looking at Telecom's full-year profit, expected to be slightly more than $700 million, to see if the economic slowdown or heightened market competition have dented its five-year strategy.

Tomorrow's result will be the first full-year reporting by chief executive Paul Reynolds.

One analyst noted that, with the prevailing sharemarket mood, any negative deviation from guidance to analysts in April would probably be swiftly punished.

Citi Investment Research did not expect surprises from the result, but would be watching potential risks, such as the slowing of the economy and the growing competition that Telecom faced on both sides of the Tasman.

Read more at BusinessDay.co.nz

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