Global One: One Big, Unhappy Telecom Family?
The pressure is building on telecom joint venture Global One. Two of its three owners, Deutsche Telekom and France Telecom, are virtually at war. It lost $798 million last year on sales of $1.2 billion. On July 16, Chief Executive Gary Forsee resigned--the second ceo to quit since Global One was founded three years ago. Insiders say the troubled venture, which also includes Sprint of the U.S., is not likely to be in existence in its current form by the end of the year.
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