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To: rllee who wrote (83145)	10/6/2009 3:18:27 PM
From: Keith Feral	Read Replies (1) \| Respond to of 118717

Damn near impossible to make money off high dividend paying US telecom stocks like VZ and T. I can't imagine it's going to be any easier with foreign telecom stocks. I blew out of my telecoms a couple months ago, and have much better returns in just about any other sector of the market - high yield, reits, financials, materials, energy, and tech. I'm not suggesting that they will lose money, but I have never seen telecom outperform the market for any length of time.

To: rllee who wrote (83145)	10/6/2009 4:04:59 PM
From: Paul Senior	Respond to of 118717

It's possible the best telecom pick around, Brazilian or not, might still be here on the thread. Namely, Dale Baker's pick of Brazil's VIV, which he mentions in his weekly performance update. I've no position in that one. Got it wrong actually, when it was discussed here. I figured TNE which I held (and still have), was just as good, and neither were attractive buys at the price and at the time.

To: rllee who wrote (83145)	10/6/2009 4:35:27 PM
From: Crossy	Respond to of 118717

re: foreign Telecom Rlee, check out VIV, KTC and CTEL all have pretty decent valuations - CTEL is more a FTTH play with exciting growth opportunities and a 75%+ network coverage in HK, but still pays a +3% dividend rgrds CROSSY

To: rllee who wrote (83145)	10/6/2009 4:42:59 PM
From: elmatador	Respond to of 118717

South Africa MTN. Shares rally as deal collapses 2009/10/06 BUSINESS CORRESPONDENTS THE collapse of the $24-billion deal between emerging nations telecommunications giants MTN and Bharti Airtel was terrible news for company executives in South Africa and India. But it has been welcomed by others, particularly some shareholders, the markets, and trade unions. Even exporters must be pleased as the news resulted in the rand falling to a new one-month low against the dollar yesterday, extending this week’s losses triggered by the collapse of the India-South Africa talks. Both Bharti and MTN Group’s shares have rallied on the news of the collapse of the deal, valued at about R184-billion. The talks collapsed for the second time in just over a year over South Africa’s reluctance to allow a flagship company to lose its national character, although Bharti has held out the prospect of talks being revived. “There definitely appears an intent from the current management to do a deal,” said Chris Wood, fund manager at Prudential Portfolio Managers, which owns MTN shares. Shares in MTN jumped as much as 5,98% on the Johannesburg Securities Exchange, while Bharti shares gained as much as 11,58% in Mumbai the day after the talks collapsed. MTN shareholders said the stock was worth more than Bharti’s offer and Bharti investors were relieved the company will not face a big cash outflow. Analysts and bankers said Bharti’s expansion plans were unlikely to be halted by the MTN failure but India’s largest mobile operator may now need to focus on smaller deals. MTN could pursue other opportunities but may find shareholders reluctant to support it, Prudential’s Wood said. “It’s not clear what management’s incentive to do the transaction was, but it certainly didn’t appear that it was being done in the interests of all shareholders,” Wood said. MTN chief executive officer Phuthuma Nhleko has now presided over three failed deals in just over a year and shareholders may demand some answers from him. “Shareholders are going to be particularly grumpy,” Wood said. “He hasn’t exactly done himself any favours, with this particular transaction having dragged on for the better part of four months in a period in which we’ve seen a very strong equity rally and (MTN’s) share price, for all intents and purposes, has been capped,” Wood said. Meanwhile, MTN said on Thursday it had entered into a partnership with Indian software company IMIMobile to provide mobile and online content to 103 million users in the Middle East and Africa. The partnership will allow MTN to bring new mobile services faster to the market and also boost average revenue per user, MTN said. Before MTN’s rally on Thursday, the company’s shares had gained only around 4% since the two groups announced they were in talks, compared with a 10,4% rise in the JSE’s chip Top-40 index. Bharti stock had risen just 2,4% between the firms announcing the revival of talks and Wednesday’s close, compared with a 23% rise in the broader Indian market. In other reaction to the collapse, analysts said that despite Bharti blaming South Africa’s government for the collapse, there were no signs of Pretoria more generally shutting the door on outside investors.