Bye Bye Tescointernetphone

[inquisitor]

That's why smart people usually hedge currencies if they do relevant business in other countries, especially if they come from Australia and so have a strong commodity-backed currency.

The chart shows the decline of the British Pound against the Aussie Dollar, which amounted to nearly 30% only last year and the exchange rate is still falling:


I fear that 30%-decline ate up Freshtel's margin in the UK.