An article about the sneaky financial dealings of the telecom industry. Time Warner Telecom, Sonus, Qwest, Williams, Winstar, Global Crossing, Corvis, Tellium, Lucent, Sycamore, WorldCom, Alteon, Nortel, and others.

Supplier to telco: "Buy my gear, please!"
Telco to supplier: [Silence]
Supplier to telco: "Would you like stock options with that router?"
Telco to supplier: "Done!"

... The fact that companies and their executives profited from investments in fledgling suppliers may help explain why there was such a gross misallocation of capital in the sector, and why networks that cost billions to build fetch far less in bankruptcy auctions.

Deals Within Telecom Deals