The Money Programme
As the big telecoms companies take on more and more debt to finance their ambitious plans, this report considers whether the industry's multi-billion pound gamble can pay off.
Once the darlings of the Stock Exchange, the companies' share prices are now plummeting. Having spent £100bn on licences for new mobile phone systems, a further £100bn now needs to be invested in developing the new services.
On top of this, there are suggestions that mobile phone masts are linked to cancer.
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