Pinnacle drops on margin falls

Pinnacle Telecom, the Scottish company which has won the contract to supply the BBC with data services during the London Olympics, has fallen dramatically this morning after revealing falling revenues from mobile services and a drop in gross margin.

Pinnacle Telecom, the Scottish company which has won the contract to supply the BBC with data services during the London Olympics, has fallen dramatically this morning after revealing falling revenues from mobile services and a drop in gross margin.

The company provides five separate streams of services related to its core IT, data, telecoms and mobile products. The "big idea" is to cross sell the services so Pinnacle is "hard wired" into its clients' business, boosting retention and profits.

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