Breakfast Club Plans For Lower Telecom Information Costs


A consortium of major investment houses has collectively issued to telecommunications firms a pair of requests for proposal (RFPs) designed to coordinate and ultimately reduce international telecommunications costs. Next on their agenda is reduction of financial information costs, sources say.

Informally dubbed the "Gang of Five," the consortium comprises Drexel Burnham Lambert Inc., First Boston Corp., Goldman, Sachs & Co., Morgan Stanley & Co. and Salomon Brothers Inc. Information executive

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