111.   In some European countries, free ISPs survive by getting a cut of per-minute fees charged by telecom companies for phone use.

112.   In recent months, the government has managed to sell some state assets, including the national carmaker Dacia, the telecom company and the two important banks.

113.   It is the first foreign company to enter the mobile phone service market in Denmark, although the Swedish telecom company Telia is preparing to launch operations.

114.   It is catching on in Europe and Asia and could turn local power companies into competition for global telecom companies.

115.   Japan Telecom had reportedly been looking for a partner to survive tough competition, with many Japanese telecom companies cutting rates for domestic and international calls.

116.   Majority of telecom companies rely on income generated by international calls to subsidize local operations.

117.   Mechai said he was currently a board director at Jasmine International Plc, a private telecom company.

118.   Mobile phone maker Nokia was also down on rumors that it was buying telecom technology company Qualcomm.

119.   Other telecom equipment companies also fell.

120.   Overnight losses on Wall Street, triggered by a bleak earnings forecast from telecom company Ericsson, had little impact on the Hong Kong market, brokers said.