41. The telecom sector, financially stretched from expansion and sky-high prices in the first European auctions of the most advanced licenses, is suffering a serious hangover. 42. The telecom sector was also lower, hurt by brokerage downgrades of Nextel Communications and JDS Uniphase. 43. The wrangling arose after the Chinese government banned a roundabout investment system Unicom had used for joint ventures in the tightly restricted telecom sector. 44. Unlike a day earlier, nervousness about the telecom sector did not spread to other tech concerns. 45. Under a plan put forward by World Trade Organization Director-General Renato Ruggiero, countries would freeze their existing offers to liberalize the telecom sector pending further talks. 46. Heavy trading in the telecom sector continued to dominate the New Zealand sharemarket, which ended slightly lower Tuesday, dealers said. 47. Investors also expressed worries that the telecoms sector will not benefit much from the anticipated economic rebound later this year. 48. Indian opposition parties have attacked the government over its handling of the privatisation of the telecom sector and have demanded the resignation of Communications Sukh Ram. 49. Additionally, the company will be permitted to enter the international telecom sector, from which it is currently excluded. 50. Anxiety over funding at US telecom group Qwest meanwhile kept the downtrodden telecoms sector under pressure and stoked up further concern about accountancy practices at major corporates. |
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