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To: elmatador who wrote (14926)9/6/2001 10:01:37 AM
From: carranza2  Read Replies (2) | Respond to of 34857
 
Thanks for the informative articles, elmat. A vivid description of the telecom foibles, particularly from the European perspective.

It's bad. I see that Sonera simply gave back the spectrum it bought. Probably the most rational thing to do at this stage of the game.

I suppose we will see more and more consolidation at all levels of the industry. Vodafone, with its relatively healthy balance sheet and voracious appetite, is likely to be a shopper at the telecom discount store which will be opening soon.

The elephant's stomach is rumbling.