Word: telecoms
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...resulting firm one of the largest in that industry in India. She also aggressively pursued opportunities in technology, nabbing the accounts of Wipro and Infosys, among others, and brokered a joint venture between AT&T and two conglomerates, owned by the Birla and Tata families, to create a telecom company offering cellular service throughout India...
Carla Cico, 41, the Italian-born CEO of Brasil Telecom (BT), ran in her first New York City Marathon in November. So did seven other BT employees--products of Cico's new company-wide fitness program. "It promotes discipline, preparation, focus, team culture," Cico explains. "We want to avoid the mind-set of the '90s, when so many telecoms went only for short-term results...
...long-term growth strategy. But she is also leading what she calls a cultural revolution, which has cut costs and boosted efficiency and which last year galvanized BT's 5,800 employees to bring in revenues of $2.6 billion--a 65% increase from 2000. According to Whitney Johnson, a telecom analyst at Merrill Lynch, Cico "pushes her managers hard and deploys her capital wisely...
...That's the point the skeptics miss: Unlike pure telecom companies, Hutchison Whampoa does not need its 3G business to be successful immediately. It can afford to subsidize Hutchison 3G heavily, for as long as management continues to believe 3G will ultimately pay off. Li, one of the richest men in the world (with an estimated net worth of $10 billion), is not one to throw good money after bad. He has frequently stated that not getting too attached to any investment is one of the greatest psychological edges he has. "He is very pragmatic and unsentimental," says Ingelbrecht...
...Making matters worse, China's two huge fixed-line operators?China Telecom and China Netcom?have jumped into the fray by offering a cheap alternative to cellular service via a wireless technology first introduced in Japan in the 1990s. Called the Personal Handyphone System in Japan but renamed Xiao Lingtong (Little Smart) in China, the service doesn't allow callers to roam outside their area code and reception is often poor. But per-minute charges are about 1 and only the caller pays, compared with the 5-a-minute charge assessed both caller and receiver by the established mobile carriers...