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In three years, $28 worth of shares in Global Communications stock dropped more than half of it’s value, to a mere $11 in recent trading.
In an attempt to address what is believed to be the underlying issue relating to the current stagnancy in telecommunications market, competitive saturation, Global Communications has devised a plan to rebound with a two-part strategy. The first part of the strategy entails forming partnerships with other telecommunications providers to create a sort of one-stop-shop where customers can get all of their telecommunications needs met by one service provider. The second part of the plan involves reducing operating costs to increase revenue, and to utilize the resources created through cost mitigation and partnership development to expand the company’s position further into the international arena...
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