Two wobbly titans
JUST a year ago, conventional wisdom had the telecoms world all sewn up: Britain's BT and America's AT&T would divide it between them with a global web of alliances and aquisitions. Liberalisation was opening the last of the monopoly markets, exposing flabby incumbents to these twin titans.
This article appeared in the Business section of the print edition under the headline “Two wobbly titans”
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