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  • Wireless Finance: Look who's not talking
    Go figure: A billion people worldwide now subscribe to cellular telephone services, 250 million more than in 2000, yet the industry is in dire straits. Basic voice service has become an unprofitable commodity, and wireless operators' attempts to raise revenues by selling premium data services -- the mobile Internet -- haven't paid off. Few cell phones have morphed into minibrowsers, consumers resist paying extra for content, and investors aren't trading stock on the run.
    September 30, 2002

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