21.   Some union members said the new mobile phone company would be vulnerable to takeover by cash-rich European telecom giants.

22.   Telecom giant will be split up.

23.   Telecom giants fell throughout the session.

24.   The Wall Street Journal reported that the two telecom giants have been holding informal talks about a possible merger.

25.   To make sure the telecom giant gets no unfair advantages in the newly open market, Germany is creating a watchdog agency similar to the U.S. Federal Communications Commission.

26.   Within France and Germany, the joint venture would prevent potential competition between the two telecoms giants.

27.   Henrot decided he could not carry out his mission if a delay in reforming the telecoms giant were to be granted, the sources said.

28.   Alcatel excluded Finnish telecoms equipment giant Nokia from the running because it said that company earned a large part of its revenue from the sale of mobile telephones.

29.   Angry US investors holding bonds in the embattled WorldCom telecom giant filed suit Friday in a federal court in Mississippi, lawyers said.

30.   Asian stock markets traded cautiously Tuesday as investors reacted to different signals from global telecoms giants.