Picture this: it's 2003. You're a hard-working telecommunications executive with one of the 100,000 competing carrier companies worldwide. No doubt about it-the telecom business isn't what it used to be. Remember the good old days when there were only 200 phone companies around the globe and often just one for each country? But that was before the World Wide Web, global deregulation and an ever-growing supply of bandwidth changed everything.

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