Word: telecoms
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...know to avoid getting an Israeli stamp in his passport when he traveled to Israel en route to Baghdad. By the time he was picked up by Iraqi police at a Mosul checkpoint in March, rumors circulated among his associates that Berg, who was Jewish, was working for a telecom firm with ties to Israel, according to a security contractor in Iraq...
Reverse the Charges Maybe mobile phones aren't such a bad business after all. Having bailed out of the crowded, pricey wireless sector in 2001, both BT and AT&T last week made it clear they want back in. Britain's largest residential telecom announced a deal with longtime rival Vodafone to offer the world's first fully converged handset that acts both as a mobile and as a fixed-line phone. BT's U.S. counterpart, AT&T, similarly announced an agreement with a big rival to offer AT&T-branded mobile services via the Sprint network. Why the rush...
...pressure. (That number doesn't include a cluster of large British, Swiss and Swedish firms where heads have also rolled.) Those include financial giants like Germany's Allianz and Credit Suisse of Switzerland; media titans, such as France's Vivendi Universal and Germany's Bertelsmann; and a bevy of telecom behemoths, such as France Telecom, Deutsche Telekom and Britain's Cable & Wireless...
...excesses of the 1990s as the towering debt left behind by fallen CEOs who couldn't control their acquisitive urges. Accordingly, their successors are deleveraging. The prize for the biggest reduction goes to Thierry Breton, a sometime science-fiction novelist who moved from Thomson to take over France Telecom in September 2002. He is paring the France Telecom work force by about 22,000, or 15%, mainly through attrition, and he has linked the pay of thousands of managers to tough performance targets. Debt tumbled from $66.7 billion to $51 billion in his first year, in part because Breton persuaded...
...sons, Mukesh and Anil (estimated combined net worth: $2.8 billion), took control. They have been on an expansion tear ever since, successfully bolstering Reliance's presence in power generation, oil exploration, finance and biotech, and consolidating the company's position as a leading player in India's fast-growing telecom sector. With revenues of $16.8 billion, Reliance last year accounted for 3.5% of India's GDP. So confident are Indians in the firm's future that 1 out of every 4 stock-owning citizens hold Reliance shares...