Monday, January 10, 2005

Thanks to the Global Telecoms Business top five stories daily newsletter for highlighting this interesting memo from Equant, the majority owned international arm of France Telecom. Apparently Equant has a high burn rate, has made significant losses and lost almost half its market capitalisation.

Reminds me of the telecoms bust of 2000/2001 with Exodus, WorldCom, PSINet, RSL COM and Global Crossing. Paul Durman of the Sunday Times wrote an interesting comment piece about the memo Happy New Year from the boss - you're about to get fired.

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