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CIOC |
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The CIOC (Competitive Independent Operating Companies) Report examines the dynamic non-urban telecommunications market and the impact of CIOCs. Total CIOC revenue has risen steadily throughout the decade, from just under $400 million in 2000 to an expected $500 million in 2003, and will likely reach $600 million in 2005. If the Corporation defaults under the supply agreement prior to December 31, 2008, then 50% of the liabilities assumed by Cliffs will revert back to CIOC and the Corporation. |
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