September 2001
Beginner
528 pages
14h 14m
English
Content preview from Essential Guide to Telecommunications, The, Third EditionBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Summary
By April 2001, 17 CLECs out of a total of approximately 410 in the United States either had ceased operations or filed for Chapter 11 bankruptcy. A majority of the remaining companies are operating at a loss and investors are leery of investing in them. Economic reverberations of business failures were felt beyond telecommunications. According to PriceWaterhouse Coopers, 36% of total first through third quarter investments by venture capitalists were for telecommunications. The article, “Telecom Tightrope,” published in Barron's Online, 8 January 2001, by Jacqueline Doherty reported that total investment in telecommunications in 2000 was $157.4 billion. Poor performance by telecommunications companies has an impact on banks, stock and ...
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