Merger fever hits US telecoms

Telecom sector

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The US telecom sector is undergoing a radical facelift. Just under a decade ago it was a fragmented market with some 300 to 400 registered communication companies. But after a series of downgrades, bankruptcies and scandals in the late 1990s, the sector has experienced rapid consolidation leaving a mere handful of regional Bell operating companies. Analysts now predict the return of 'Ma Bell', the original monopoly of AT&T that existed before it was split into seven regional 'baby bells' due

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