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Government telecom contract to be worth $48 billion

The yet-to-be-awarded Networx Universal contract from the U.S. General Services Administration has been described as the largest telecom contract offered by the U.S. government to date. AT&T, Verizon Communications, Sprint Nextel and Qwest Communications International are vying for a piece of it. Wall Street Journal, The/Dow Jones Newswires (03/15)