Government-sponsored telecom networks remain a financially risky proposition that have consistently lost large sums of money. |
Local governments often underestimate the very significant ongoing capital and operating costs of wireless systems while overestimating penetration rates and revenue streams. |
Some of those reports are filed and then go into a black hole. Other times there are no reports. The processes were there, but just because they're in place doesn't necessarily mean that people are going to follow them. |
This more than likely looked like great business and they may not have been looking at it as closely as they should have. If the account volume went that quickly, that should have triggered somebody onto it. Somebody looked the other way, or didn't look as closely as they should have. |