Level 3's Slip Points to the Turmoil in Telecom
The bug that laid low Level 3 (LVLT) on Monday is about to take a bite out of the rest of the telecom industry.
After a brief period of stability, wholesale phone capacity prices once again appear to be in free fall. Here's why: A stampede into what was one of telecom's few remaining high-margin businesses has reignited a damaging price war.
It wasn't supposed to be like this. After a three-year plunge in business communications spending resulted in a raft of bankruptcy filings, the industry was finally beginning to breathe easier, its bloodiest battles behind it.
But Level 3's
Disaster CallsBlaming a weak industry, the Broomfield, Colo., telco
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