Finland's Wireless Fast Track Thanks in large measure to mobile handset pacesetter Nokia, this small nation, about the size of Montana with a population of some 5 million people, is where the rest of the world looks for wireless guidance. But so far no one is willing to put it together. Printer friendly version.
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Winstar, which earlier this month laid off 2,000 employees, or nearly half its work force, said in a statement it expects to continue delivering wireless data services to its 30,000 customers while restructuring its finances. That's when we terminated the supply agreement. Little more than two years into the five-year agreement, Lucent has shown its promises were hollow. Easy Credit Legal quibbling aside, Winstar's fall marks yet another financial meltdown by a new-age communications company. And Lucent's predicament is only the latest sign that top producers of communications equipment, including Cisco Systems and Nortel Networks, may have gone too far in allowing unestablished companies to buy on credit.