Hell Week for Telecom

Medford, Cassimir
November 2008
Red Herring;11/14/2008, p4
Trade Publication
The article reports on the extended impact of the recession on the telecommunication industry. It is noted that the biggest casualties could be startups that make a living supplying products and services to telecom carriers and vendors. Nortel announced its largest quarterly loss since its last financial meltdown in the wake of the dot-com bust. BT, the largest carrier in Great Britain, said it will cut 10,000 jobs.


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