41.   Hong Kong firms have also invested substantially in the Israeli telecoms industry.

42.   Because of its dependence on these telecoms operators, KPNQwest was heavily affected by the global downturn in the telecoms industry which forced KPN and Qwest to cut costs.

43.   The report comented that such a closure would mark an unprecedented crisis in the telecoms industry and would have repercussions on European businesses.

44.   The report commented that such a closure would mark an unprecedented crisis in the telecoms industry and would have repercussions on European businesses.

45.   The Siemens has invested in a telecom industry -- the Telephone Shilpa Sangtha -- in a joint-venture with Bangladesh.

46.   The telecoms industry in general was feeling the pinch worldwide since earnings expectations had been blown out of proportion during the boom period.

47.   Vodafone, they argue, is in a better position than its European peers and stands to gain from any revival in the battered telecoms industry.

48.   The acquisition of the stake by SK is expected to allow it to wield greater influence in the telecoms industry.