Downgrade as BSA loses traction
Michael SmithHealth editor
Telecommunications services contractor BSA has issued its second profit downgrade in less than three months after losing major contracts, a move that has slashed its shares by a quarter and prompted a strategic review.
BSA has struggled to find traction since losing lucrative Telstra work late last year when the telco company rationalised contracting services and gave it to just three operators.
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Michael Smith is the health editor for The Australian Financial Review. He is based in Sydney. Connect with Michael on Twitter. Email Michael at michael.smith@afr.com
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