1.   As an old-line phone utility, Cincinnati Bell was expected to provide a dividend and steady earnings growth to its value investors.

2.   As monopolies, phone utilities typically have shied away from such bold marketing efforts.

3.   Eventually the consortium led by Banco Opportunity dropped out of the bidding for Tele Norte Leste, after it had bought into another phone utility.

4.   Large stocks such as Telekom Malaysia Bhd., a phone utility, and bank shares such as Malayan Banking Bhd. led the slide.

5.   Rossouw expects the rand to benefit from government sales of stakes in state assets such as Telkom, the phone utility.

6.   Thus far, neither the French nor the German phone utilities have said that they would break up Global One, which provides global networking services for multinational companies.