Many Incumbents Toughing Out The Downturn With Panache

The first six months of 2009 have been challenging in many ways to most businesses across the globe. Telecoms is often described as being somewhat recession proof, but telecoms operators have still been facing some degree of contraction in consumer spending, and in some cases feeling the pressure of contracted credit markets. The reaction to the difficult economic and financial climate led to 2009 starting with the announcement of numerous restructuring and cost-cutting programmes, which appear to have had varied

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