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Global Equity Research
(No. of pages: 40)
Global Telecom Monthly
: We think the arrival of Skype, a distributed P2P VoIP applicationfrom the original founders of KaZaA is something to be scared of, and is probably set to become the biggest story of the year in the sector. We think that it has unique features which will make regulatory challenges moredifficult than those posed elsewhere, and that it will benefit from theassociation with the KaZaA phenomenon and general demographic trends.
Regulatory pressure on VoIP at state public utility commissions – Liftingof school cellphone bans to be a boon to growth? – Swift uptake for the National Do Not Call Registry.
: FT moves to take out orange minorities – Vodafone upgraded torating 2 from 3 – Supply chain issues at 3 UK – BT Group makes headwaywith streaming video over GPRS.
: China Unicom 1H result comes in below our estimates – Consolidation and horse-trading in Korea and Taiwan – Japan Telecom exitsfixed line business – MNP to hit Japan in 2005 – KDDI 1x base tops 10m.