Rakon’s telco slowdown ‘temporary’, analyst says
The company has warned of a potential $10m earnings hit due to a slowdown in the global 5G rollout.
Rakon’s Auckland factory.
The slowdown in Rakon’s telecommunications business will be temporary, according to an investment analyst.
The NZX-listed company warned this morning its FY24 earnings before interest, taxes, depreciation, and amortisation guidance of between $26 million and $34m could take a hit of up to $10m
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