New players, equipped with snappy names and overseas backing, emerge and plunge into the market, but not all survive. In the last month, One. Tel is only the biggest and most famous to get into strife. Two weeks ago, WorldxChange went into voluntary receivership, to be snapped up in a steal by New Tel. Clarity, another small player, soon followed while RSL.Com is still looking for a buyer after a troubled year during which it unsuccessfully attempted a public float.
Companies fight over the One.
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