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The reason for the declining stock is the telecommunications market has become far too competitive. Profits are spread thin amongst the competing companies. Offering local and long distance telephone service is not enough to stay competitive. Expansion into the international market was thought to be a viable plan but that venture was not profitable. The Senior Team must seek out opportunities for Global that demonstrate the ability to rebound financially. There are numerous phone companies, including Global, that have created alliances with satellite companies. These alliances have allowed the expansion of services but have become commonplace...
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