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IBM says it got fed up trying to maintain and understand a global telecom network.
Furthermore, this adds even more redundancy and resiliency on top of the global telecom network.
The deal, set to close this month, includes a promise from IBM to pay AT&T Solutions $5 billion to run IBM's global telecom network over the next five years.
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In America, the telecoms bust of 2000 has wiped out some 500,000 jobs and $2 trillion in (apparent) stockmarket value.By some reckonings, the massive over-investment at the heart of the global telecoms network spurred by the dotcom mania of the late 1990s was such that, given today's state of affairs, no further investment in core capacity is needed for a decade or more.
Ericsson, the global market leader in telecom network equipment, had also cited a supply shortage when it announced a 9 percent decline in first-quarter sales on April 23.
A new joint venture with Motorola would allow global telecom operators to outsource their communication networks as well as their billing and call centers.
Donated $10 million to Caltech's advanced network research; too busy building global telecom giant to sit on board.
"In Crimea, there is a Ukrainian telecom network in service.
Asian suppliers of the key telecom network parts — basic electronic items that are used widely — have yet to ratchet up production after cutting back two years ago as the global economic slowdown began to take hold.
This company will be an equal of other global telecom companies".
He allowed that the global telecom industry "is undergoing a significant adjustment".
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