Sidoti Analysts Comment On Elephant Talk's Expanded Relationship With Vodafone

Analysts at Sidoti on Monday commented on the recently expanded relationship between Elephant Talk Communications Corp (NYSE: ETAK) and Vodafone Group Plc (ADR) (NASDAQ: VOD) in Spain by creating LOWI, a new MVNO.

The analyst raised their forecast of Vodafone subscribers to 1.96 million from a previous 1.76 million by the end of 2016. Sales projection was also boosted for 2015 to $43.3 million from $38.4 million and $67.6 million in 2016 from a prior estimate of $57.5 million.