The Telecoms crash, also known as the Telecommunications Bubble was a stock market crash that occurred in 2001, after the bursting of the dot-com bubble. The telecommunications industry had experienced significant growth and investment during the 1990s, fueled by the expansion of the internet and the introduction of wireless technology. Companies such as WorldCom, Global Crossing, and Luc. CausesPartially a result of greed and excessive optimism, especially about the growth of data traffic fueled by the rise of the Internet, in the five years after the went into effect, telec. Subsequent government auctions of the , in and were met with low bids, and strong suspicion of between operators of bidding low and secretly defining network sharing agr.
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