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By Rodney L. Pringle, [email protected]
Struggling Startec Global Communications (STGC) reported wider than expected 2000 fourth-quarter losses yesterday, citing a soft economy and declining revenue due to unprofitable business ventures.
The Bethesda, Md.-based company said it suffered a net loss of $85.4 million, or $5.60 per share, during last year's fourth quarter, compared with a loss of $11.2 million or $1.15 per share during the same period in 1999.
Startec said fourth-quarter...