Business Services Industry
Telecommunications Panel Says Industry Economic Recovery Is Far Off.
Knight Ridder/Tribune Business News, October, 2002
By Jim Landers, The Dallas Morning News Knight Ridder/Tribune Business News
Oct. 8--WASHINGTON -- The telecommunications industry is at least a year away from an economic recovery as losses mount among all types of providers, a panel of experts told federal regulators Monday.
The Federal Communications Commission should make its regulations clearer, the panel said.
It also said the industry doesn't have a new service to offer that would spur investment and put employees back to work.
"Our outlook for the next 12 to 18 months is negative -- most severely for long-distance
carriers, less so for local-service companies and wireless," said Moody's Investor Services managing director Robert Konefal.
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