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Attack of the text message leaves 3G and the City strapped for cash

You remember text messages? Ten years ago they were thought to be on the most distant fringe of the great developments confronting the global communications industry. An industry whose real prize was going to be 3G, the third-generation high-speed mobile net surfer and real-time sports reporter. Well, that was what everybody thought, but so far it hasn't worked out that way. Text's short message service (SMS) really took off but 3G ran into difficulties. In fact, bidding for new 3G ...

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