"I triple guarantee you, there are no American soldiers in Baghdad."
So yeah 3 Terabytes is equivalent to the amount of data contained in a 20 kilometre high pile of book, or, simply put it, a couple of cheap hard disks you can buy at the local electronics store for $300.
But then there is a complex radio receiver to process the raw radio data to acquire. Oh my. Might be that they are referring to a Universal Software Radio Peripheral which sells for $500 on the interwebs? And then use Wireshark (cost $0) to analyze the traffic.
So the press release should read something like "Someone with $800, a laptop, a modicum of skills and access to the data in such a table could use it to analyse an encrypted call and recover the encryption key." Much better.
First the A5/1 and then the WPA cracks. Not a good week if you're the shareholder of a telco with poor security.