A shortened version of "teleconference" or "telephone conversation". Ususally spoken by corporate drones trying to sound cool. May be accompanied by a Microsoft Netmeeting or WebEx visual presentation made in PowerPoint.
Mitch: Jody, set up a telecon and WebEx with the team. We're going to pick some low-hanging fruit.
Jody: Ok, I'll shoot you an e-mail with the deets.