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

Analysts at Sidoti on Monday commented on the recently expanded relationship between Elephant Talk Communications ETAK and Vodafone 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.