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Minnows swimming with the sharks?

News | 04/23/2001 4:00 am EDT

Economists and investment banking pundits on both sides of the border debate whether we have entered a recession – or even if a bear market has truly arrived. But the fate of the vast majority of competitive local exchange carriers (‘CLECs’) is already as clear as a fibre optic connection: The equivalent of nuclear winter, as one industry insider calls the current crisis, appears to be here.

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