"Following the shock of the last bubble popping, he says, these companies were conservative in managing their balance sheets, so their free cash flow is high and they are not strapped for credit. "Network expansion plans could be delayed in some cases, but they remain on track."The scarcity of credit, though, is squeezing vendors, who rely heavily on R&D, and who face price-conscious customers and demands that they share risks and costs on big projects."Know It All - The Industry - Telecom in Tough Times: The Big Will Get Bigger
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