3G Reality Leaves British Operator mmO2 Nursing Huge Loss

Deciding to rip the bandaid off in one shot and admit (which we all knew already) that they paid too much for their 3G license, mmO2 came out with a huge annual loss, but it’s mostly due to their writedown for 3G. In fact, they suggest that, otherwise they say they’re actually doing much better than in the past. That may be true, but it doesn’t change what they originally paid to get into the 3G business…

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