TITLE

Hell Week for Telecom

AUTHOR(S)
Medford, Cassimir
PUB. DATE
November 2008
SOURCE
Red Herring;11/14/2008, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
36586168

 

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