Tuesday, November 6, 2012

'World's largest' telecom deal turns out to be a dud

'World's largest' telecom deal turns out to be a dud: Originally billed as the world's largest telecommunications purchase, the U.S. government's Networx contract is turning out to be chump change for the five carriers involved in the deal. Halfway through its 10-year term, the contract has driven around $2 billion in revenue compared to projections as high as $34 billion for this stage of the program.

DIGITAL JUICE

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