October 15, 2007
Adventures in Canadian Telecom
Posted by David Zaring

Sprint-Nextel is the third largest American mobile phone network.  And it is beating the tar out of the not-likely-to-last-forever Vonage in its patent litigation.  But the company's earning are down, its merger - between an American consumer provider and a Canadian business provider that use different technologies - is a mess, and its CEO, COO, and executive chairman have all quit within the last year. 

At least it hasn't started forking over serious bucks for accounting fraud.  That's the cunningly similarly named Canadian provider Nortel Networks, which just paid a million loonies to the Ontario Securities Commission and, today, $35 million to the SEC to settle such allegations. 

Something to think about, if you're an Ontario teacher and you're trying to figure out if it was a good idea to buy the phone company.

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