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Mergers Can't Keep Telecom From Free Fall

As multiple companies post losses, problems spread across sector

By Jason Farago,  Newser Staff

Posted Oct 23, 2007 11:50 AM CDT

(Newser) – This quarter was supposed to see the start of a fightback for the beleaguered telecommunications industry. But the bad news keeps coming: Ericsson has warned investors to prepare for a sharp drop in profits, Nokia is still losing money and firing thousands of workers, and...   Read full story »

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