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As bad as the crisis in the telecommunications industry may be, things may be about to get worse. That’s because Wi-Fi (wireless fidelity) Internet access—which is significantly cheaper than its DSL and cable modem alternatives and can be faster—is threatening the business models of cellular carriers, phone gear makers, and providers of high-speed DSL and cable data services.
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Companies that divest during downturns may actually miss the best opportunities for growth. A thoughtful acquisition strategy can sometimes be the surer bet.
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