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Stocks...</description><newstex:index_entry_company xmlns:newstex="http://www.alacra.com/newstex">FRANCE TELECOM</newstex:index_entry_company><newstex:index_entry_company xmlns:newstex="http://www.alacra.com/newstex">VERIZON COMMUNICATIONS INC</newstex:index_entry_company><newstex:index_entry_company xmlns:newstex="http://www.alacra.com/newstex">VODAFONE GROUP PUBLIC LTD CO</newstex:index_entry_company><newstex:index_entry_ticker xmlns:newstex="http://www.alacra.com/newstex">FTE</newstex:index_entry_ticker><newstex:index_entry_ticker xmlns:newstex="http://www.alacra.com/newstex">VOD</newstex:index_entry_ticker><newstex:index_entry_ticker xmlns:newstex="http://www.alacra.com/newstex">VZ</newstex:index_entry_ticker><category>News</category><alacra:ip>Newstex</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-Vodafone_1H09_10_Glass_Starts_To_Look_Half_Empty-91199</link><cs:docid xmlns:cs="http://www.alacra.com/cs">91199</cs:docid><guid isPermaLink="false">cs/91199</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">ArticleTemplate</cs:DS><cs:abstract xmlns:cs="http://www.alacra.com/cs">VODâ€™s results were in line with consensus, but expectations were not particularly high. 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Vodafone reported growth due to FX and M&amp;A, but both revenue and EBITDA declined on an organic basis.

Though trends did not necessarily deteriorate markedly, all # major segments reported...</description><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/newstex/MCOM-0004-39587285</link><newstex:docid xmlns:newstex="http://www.alacra.com/newstex">MCOM-0004-39587285</newstex:docid><guid isPermaLink="false">newstex/MCOM-0004-39587285</guid><newstex:index_mode xmlns:newstex="http://www.alacra.com/newstex">xml</newstex:index_mode><newstex:Contributor xmlns:newstex="http://www.alacra.com/newstex">Newstex Inc.</newstex:Contributor><newstex:CopyrightDate xmlns:newstex="http://www.alacra.com/newstex">2005</newstex:CopyrightDate><newstex:CopyrightHolder xmlns:newstex="http://www.alacra.com/newstex">Copyright (c) M2 Communications Ltd.</newstex:CopyrightHolder><newstex:Provider xmlns:newstex="http://www.alacra.com/newstex">Newstex Inc.</newstex:Provider><newstex:ProviderId 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But T-Mobile US remains a source of drag.

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xmlns:cs="http://www.alacra.com/cs">vivendi</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">vodafone</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">wind</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">windstream</cs:index_entry_companySector><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-Telecom_amp_Suppliers_The_Hope_of_Wireless_Data-90720</link><cs:docid xmlns:cs="http://www.alacra.com/cs">90720</cs:docid><guid isPermaLink="false">cs/90720</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">ArticleTemplate</cs:DS><cs:abstract xmlns:cs="http://www.alacra.com/cs">This article includes the slide presentation and edited transcript of Ping Zhao's presentation at CreditSights' conference "The Risks Behind the Rally: Refinancing, Restructuring, Regulating."</cs:abstract><cs:analyst xmlns:cs="http://www.alacra.com/cs">abasanskaya</cs:analyst><cs:analyst xmlns:cs="http://www.alacra.com/cs">pzhao</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">alcatel_lucent</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">apple</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">att</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">att_mobility_llc</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">deutsche_telekom</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">ericsson</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">france_telecom</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">freescale</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">google</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">intel</cs:company><cs:company 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xmlns:cs="http://www.alacra.com/cs">technology</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">telecom</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">tmt</cs:sector><cs:sectorFocus xmlns:cs="http://www.alacra.com/cs">communications_equipment</cs:sectorFocus><cs:sectorFocus xmlns:cs="http://www.alacra.com/cs">telecom</cs:sectorFocus><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">semiconductors</cs:sectorMention><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">software_services</cs:sectorMention><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">technology</cs:sectorMention><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">tmt</cs:sectorMention><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">high_yield</cs:tag><cs:tagMention xmlns:cs="http://www.alacra.com/cs">high_yield</cs:tagMention><title>Telecom &amp;amp; Suppliers: The Hope of Wireless Data</title><cs:type 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The pace of future growth will depend on the pricing structure, actual price levels, handset subsidies,...</description><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">3com</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">agere</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">alcatel_lucent</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">alltel</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">american_national_insurance</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">american_real_estate_partners</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">american_tower</cs:index_entry_companySector><cs:index_entry_companySector 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xmlns:cs="http://www.alacra.com/cs">lg_philips_lcd</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">mattel</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">motorola</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">nextwave</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">nokia</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">nortel</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">nxp_semiconductor</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">o2_plc</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">ote_hellenic_telecom</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">panamsat</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">portugal_telecom</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">qualcomm</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">qwest_communications</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">research_in_motion</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">samsung</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">sba_comm</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">ses</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">siemens</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">sony</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">spectrasite</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">sprint_nextel</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">st_microelectronics</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">tdc</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">telecom_italia</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">telefonica</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">telekom_austria</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">telenor</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">telephone_data_systems</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">teliasonera</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">telstra</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">telus</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">texas_instruments</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">time_warner</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">tpsa</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">verizon</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">verizon_wireless</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">virgin_media</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">vivendi</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">vodafone</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">wind</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">windstream</cs:index_entry_companySector><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-October_2008_UK_Communications_Market_Update_Steady_as_She_Goes-75260</link><cs:docid xmlns:cs="http://www.alacra.com/cs">75260</cs:docid><guid isPermaLink="false">cs/75260</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">ArticleTemplate</cs:DS><cs:abstract xmlns:cs="http://www.alacra.com/cs">The UK communications market remains in a somewhat less tumultuous state than in recent years as growth has decelerated and competitive pressures have eased somewhat.</cs:abstract><cs:analyst xmlns:cs="http://www.alacra.com/cs">cucko</cs:analyst><cs:analyst xmlns:cs="http://www.alacra.com/cs">mchapman</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">bskyb</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">bt</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">deutsche_telekom</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">france_telecom</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">telefonica</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">virgin_media</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">vodafone</cs:company><cs:companyMention xmlns:cs="http://www.alacra.com/cs">bskyb</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">bt</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">deutsche_telekom</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">france_telecom</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">telefonica</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">virgin_media</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">vodafone</cs:companyMention><cs:country xmlns:cs="http://www.alacra.com/cs">united_kingdom</cs:country><cs:countryMention xmlns:cs="http://www.alacra.com/cs">united_kingdom</cs:countryMention><cs:csid xmlns:cs="http://www.alacra.com/cs">75260</cs:csid><pubDate>09 Nov 2009 11:51:58 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">75260</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:sector xmlns:cs="http://www.alacra.com/cs">telecom</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">tmt</cs:sector><cs:sectorFocus xmlns:cs="http://www.alacra.com/cs">telecom</cs:sectorFocus><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">tmt</cs:sectorMention><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">high_yield</cs:tag><cs:tagMention xmlns:cs="http://www.alacra.com/cs">high_yield</cs:tagMention><title>October 2008 UK Communications Market Update: Steady as She Goes</title><cs:type xmlns:cs="http://www.alacra.com/cs">SectorComment</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Sector Analysis</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">2380</cs:wcnum><description> October #### UK Communications Market Update: Steady as She Goes Indications from the Carphone Warehouse suggest growth in the UK telecoms market has slowed, but competition has also eased somewhat.

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xmlns:cs="http://www.alacra.com/cs">tpsa</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">verizon</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">verizon</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">verizon_wireless</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">verizon_wireless</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">virgin_media</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">virgin_media</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">vivendi</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">vivendi</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">vodafone</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">vodafone</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">wind</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">windstream</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">windstream</cs:index_entry_companySector><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-December_2008_UK_Communications_Market_Update-77794</link><cs:docid xmlns:cs="http://www.alacra.com/cs">77794</cs:docid><guid isPermaLink="false">cs/77794</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">ArticleTemplate</cs:DS><cs:abstract xmlns:cs="http://www.alacra.com/cs">Uncertainty regarding key regulatory decisions and the sensitivity of the market to macroeconomic weakness have helped lead to somewhat of a lull in competitive pressures.</cs:abstract><cs:analyst xmlns:cs="http://www.alacra.com/cs">cucko</cs:analyst><cs:analyst xmlns:cs="http://www.alacra.com/cs">mchapman</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">bskyb</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">bt</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">deutsche_telekom</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">france_telecom</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">telefonica</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">virgin_media</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">vodafone</cs:company><cs:companyMention xmlns:cs="http://www.alacra.com/cs">bskyb</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">bt</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">deutsche_telekom</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">france_telecom</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">telefonica</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">virgin_media</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">vodafone</cs:companyMention><cs:country xmlns:cs="http://www.alacra.com/cs">united_kingdom</cs:country><cs:countryMention xmlns:cs="http://www.alacra.com/cs">united_kingdom</cs:countryMention><cs:csid xmlns:cs="http://www.alacra.com/cs">77794</cs:csid><pubDate>09 Nov 2009 11:51:58 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">77794</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:sector xmlns:cs="http://www.alacra.com/cs">telecom</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">tmt</cs:sector><cs:sectorFocus xmlns:cs="http://www.alacra.com/cs">telecom</cs:sectorFocus><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">tmt</cs:sectorMention><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">high_yield</cs:tag><cs:tagMention xmlns:cs="http://www.alacra.com/cs">high_yield</cs:tagMention><title>December 2008 UK Communications Market Update</title><cs:type xmlns:cs="http://www.alacra.com/cs">SectorComment</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Sector Analysis</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">2088</cs:wcnum><description> December #### UK Communications Market Update Until Ofcom makes key decisions on LLU pricing, pay-TV wholesale, the #.#Ghz spectrum and NGN regulation, players are reluctant to commit to new strategic directions.

Ofcom's proposed LLU...</description><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">3com</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">3com</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">agere</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">agere</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">alcatel_lucent</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">alcatel_lucent</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">alltel</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">alltel</cs:index_entry_companySector><cs:index_entry_companySector 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xmlns:cs="http://www.alacra.com/cs">nxp_semiconductor</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">o2_plc</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">o2_plc</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">ote_hellenic_telecom</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">ote_hellenic_telecom</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">panamsat</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">panamsat</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">portugal_telecom</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">portugal_telecom</cs:index_entry_companySector><cs:index_entry_companySector 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xmlns:cs="http://www.alacra.com/cs">sprint_nextel</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">sprint_nextel</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">st_microelectronics</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">st_microelectronics</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">tdc</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">tdc</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">telecom_italia</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">telecom_italia</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">telefonica</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">telefonica</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">telekom_austria</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">telekom_austria</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">telenor</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">telenor</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">telephone_data_systems</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">telephone_data_systems</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">teliasonera</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">teliasonera</cs:index_entry_companySector><cs:index_entry_companySector 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xmlns:cs="http://www.alacra.com/cs">tpsa</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">verizon</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">verizon</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">verizon_wireless</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">verizon_wireless</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">virgin_media</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">virgin_media</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">vivendi</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">vivendi</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">vodafone</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">vodafone</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">wind</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">windstream</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">windstream</cs:index_entry_companySector><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-March_2008_UK_Telecommunications_Update-66930</link><cs:docid xmlns:cs="http://www.alacra.com/cs">66930</cs:docid><guid isPermaLink="false">cs/66930</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">ArticleTemplate</cs:DS><cs:abstract xmlns:cs="http://www.alacra.com/cs">We review the 4Q07 performance of the UK's 6 major ISPs and examine possible trends emerging in this highly competitive broadband market.</cs:abstract><cs:analyst xmlns:cs="http://www.alacra.com/cs">cucko</cs:analyst><cs:analyst xmlns:cs="http://www.alacra.com/cs">mchapman</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">bskyb</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">bt</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">cable_wireless</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">france_telecom</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">telefonica</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">virgin_media</cs:company><cs:companyMention xmlns:cs="http://www.alacra.com/cs">bskyb</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">bt</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">cable_wireless</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">france_telecom</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">telefonica</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">virgin_media</cs:companyMention><cs:country xmlns:cs="http://www.alacra.com/cs">united_kingdom</cs:country><cs:countryMention xmlns:cs="http://www.alacra.com/cs">united_kingdom</cs:countryMention><cs:csid xmlns:cs="http://www.alacra.com/cs">66930</cs:csid><pubDate>09 Nov 2009 11:51:57 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">66930</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:region xmlns:cs="http://www.alacra.com/cs">europe</cs:region><cs:regionMention xmlns:cs="http://www.alacra.com/cs">europe</cs:regionMention><cs:sector xmlns:cs="http://www.alacra.com/cs">telecom</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">tmt</cs:sector><cs:sectorFocus xmlns:cs="http://www.alacra.com/cs">telecom</cs:sectorFocus><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">tmt</cs:sectorMention><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">high_yield</cs:tag><cs:tagMention xmlns:cs="http://www.alacra.com/cs">high_yield</cs:tagMention><title>March 2008 UK Telecommunications Update</title><cs:type xmlns:cs="http://www.alacra.com/cs">SectorComment</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Sector Analysis</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">1523</cs:wcnum><description> March #### UK Telecommunications Update With over ###k net adds across the market (down approximately ##% YoY), #Q## results added further weight to the notion that UK broadband growth remains fairly robust but that the rate of growth...</description><cs:index_entry_companySector 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xmlns:cs="http://www.alacra.com/cs">verizon</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">verizon</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">verizon_wireless</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">verizon_wireless</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">virgin_media</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">virgin_media</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">vivendi</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">vivendi</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">vodafone</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">vodafone</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">wind</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">windstream</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">windstream</cs:index_entry_companySector><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-June_2008_UK_Communications_Market_Update_Calm_in_the_Eye_of_the_Storm-70481</link><cs:docid xmlns:cs="http://www.alacra.com/cs">70481</cs:docid><guid isPermaLink="false">cs/70481</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">ArticleTemplate</cs:DS><cs:abstract xmlns:cs="http://www.alacra.com/cs">We reflect on what appears to have been a relatively forgiving start to 2008 for most of the UK communications players. Competition has eased somewhat compared to 2006/07, but we see several potential sources of turbulence on the horizon.</cs:abstract><cs:analyst xmlns:cs="http://www.alacra.com/cs">cucko</cs:analyst><cs:analyst xmlns:cs="http://www.alacra.com/cs">mchapman</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">bskyb</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">bt</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">france_telecom</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">virgin_media</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">vodafone</cs:company><cs:companyMention xmlns:cs="http://www.alacra.com/cs">bskyb</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">bt</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">france_telecom</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">virgin_media</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">vodafone</cs:companyMention><cs:country xmlns:cs="http://www.alacra.com/cs">united_kingdom</cs:country><cs:countryMention xmlns:cs="http://www.alacra.com/cs">united_kingdom</cs:countryMention><cs:csid xmlns:cs="http://www.alacra.com/cs">70481</cs:csid><pubDate>09 Nov 2009 11:51:57 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">70481</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:sector xmlns:cs="http://www.alacra.com/cs">telecom</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">tmt</cs:sector><cs:sectorFocus xmlns:cs="http://www.alacra.com/cs">telecom</cs:sectorFocus><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">tmt</cs:sectorMention><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">high_yield</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">ma_activity</cs:tag><cs:tagMention xmlns:cs="http://www.alacra.com/cs">high_yield</cs:tagMention><cs:tagMention xmlns:cs="http://www.alacra.com/cs">ma_activity</cs:tagMention><title>June 2008 UK Communications Market Update: Calm in the Eye of the Storm</title><cs:type xmlns:cs="http://www.alacra.com/cs">SectorComment</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Sector Analysis</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">3641</cs:wcnum><description> June #### UK Communications Market Update: Calm in the Eye of the Storm First quarter numbers, coupled with anecdotal evidence from companies across the market suggests that churn has fallen meaningfully in the UK market as heavy pricing...</description><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">3com</cs:index_entry_companySector><cs:index_entry_companySector 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xmlns:cs="http://www.alacra.com/cs">windstream</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">windstream</cs:index_entry_companySector><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-Spanish_Communications_Market_Update_July_2008-71308</link><cs:docid xmlns:cs="http://www.alacra.com/cs">71308</cs:docid><guid isPermaLink="false">cs/71308</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">ArticleTemplate</cs:DS><cs:abstract xmlns:cs="http://www.alacra.com/cs">With regulatory data and company comments suggesting a ramp up in competitive pressure we examine the trends in the Spanish telecoms market and what they mean for the major players, TEF, Orange, VOD and, most importantly, ONO.</cs:abstract><cs:analyst xmlns:cs="http://www.alacra.com/cs">cucko</cs:analyst><cs:analyst xmlns:cs="http://www.alacra.com/cs">mchapman</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">france_telecom</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">ono</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">telefonica</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">vodafone</cs:company><cs:companyMention xmlns:cs="http://www.alacra.com/cs">france_telecom</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">ono</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">telefonica</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">vodafone</cs:companyMention><cs:country xmlns:cs="http://www.alacra.com/cs">spain</cs:country><cs:countryMention xmlns:cs="http://www.alacra.com/cs">spain</cs:countryMention><cs:csid xmlns:cs="http://www.alacra.com/cs">71308</cs:csid><pubDate>09 Nov 2009 11:51:57 EST</pubDate><cs:ft 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Research</category><alacra:ip>CreditSights</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-Spanish_Communications_Market_Update_August_2008_Modest_Slip_or_Major_Tumble-73165</link><cs:docid xmlns:cs="http://www.alacra.com/cs">73165</cs:docid><guid isPermaLink="false">cs/73165</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">ArticleTemplate</cs:DS><cs:abstract xmlns:cs="http://www.alacra.com/cs">We reflect on the changing landscape of the Spanish communications market, brought into the spotlight in the wake of VOD's unexpectedly weak showing in 2Q08.</cs:abstract><cs:analyst xmlns:cs="http://www.alacra.com/cs">cucko</cs:analyst><cs:analyst xmlns:cs="http://www.alacra.com/cs">mchapman</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">france_telecom</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">kpn</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">ono</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">telefonica</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">teliasonera</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">vodafone</cs:company><cs:companyMention xmlns:cs="http://www.alacra.com/cs">france_telecom</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">kpn</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">ono</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">telefonica</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">teliasonera</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">vodafone</cs:companyMention><cs:country xmlns:cs="http://www.alacra.com/cs">spain</cs:country><cs:countryMention xmlns:cs="http://www.alacra.com/cs">spain</cs:countryMention><cs:csid xmlns:cs="http://www.alacra.com/cs">73165</cs:csid><pubDate>09 Nov 2009 11:51:57 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">73165</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:sector xmlns:cs="http://www.alacra.com/cs">telecom</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">tmt</cs:sector><cs:sectorFocus xmlns:cs="http://www.alacra.com/cs">telecom</cs:sectorFocus><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">tmt</cs:sectorMention><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">high_yield</cs:tag><cs:tagMention xmlns:cs="http://www.alacra.com/cs">high_yield</cs:tagMention><title>Spanish Communications Market Update August 2008: Modest Slip or Major Tumble?</title><cs:type xmlns:cs="http://www.alacra.com/cs">SectorComment</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Sector Analysis</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">1930</cs:wcnum><description> Spanish Communications Market Update August ####: Modest Slip or Major Tumble? 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12:07:00 EST</pubDate><ccbn:eventid xmlns:ccbn="http://www.alacra.com/ccbn">2521092</ccbn:eventid><ccbn:headline xmlns:ccbn="http://www.alacra.com/ccbn">Edited Brief of FTE earnings conference call or presentation, 29-Oct-09 2:30pm CET</ccbn:headline><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">France Telecom</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Edited</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">France Telecom Q3 2009 Earnings Conference Call Summary</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">FTE</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">2:30pm CET</ccbn:time><title>France Telecom Q3 2009 Earnings Conference Call Summary</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Brief</ccbn:type><description>...Gervais Pellissier France Telecom - Deputy CEO and CFO Olivier Barberot France Telecom - SEVP, Group HR, Poland Barbara Dalibard France Telecom - SEVP, Orange Business Services, Enterprise LoB Olaf Swantee France Telecom - SEVP, Europe &amp; Egypt, Personal LoB...

</description><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-France_Telecom_Mixed_3Q09_Event_Risk_Remains_Key-90555</link><cs:docid xmlns:cs="http://www.alacra.com/cs">90555</cs:docid><guid isPermaLink="false">cs/90555</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">ArticleTemplate</cs:DS><cs:abstract xmlns:cs="http://www.alacra.com/cs">Economic and regulatory pressures took a toll on FTâ€™s 3Q09 performance, but as with peers, capex cuts helped preserve free cash flow.</cs:abstract><cs:analyst xmlns:cs="http://www.alacra.com/cs">cucko</cs:analyst><cs:analyst xmlns:cs="http://www.alacra.com/cs">mchapman</cs:analyst><cs:analyst xmlns:cs="http://www.alacra.com/cs">patrizia_dâ€™amico</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">france_telecom</cs:company><cs:companyFocus xmlns:cs="http://www.alacra.com/cs">france_telecom</cs:companyFocus><cs:country xmlns:cs="http://www.alacra.com/cs">france</cs:country><cs:country xmlns:cs="http://www.alacra.com/cs">united_kingdom</cs:country><cs:countryMention xmlns:cs="http://www.alacra.com/cs">france</cs:countryMention><cs:countryMention xmlns:cs="http://www.alacra.com/cs">united_kingdom</cs:countryMention><cs:csid xmlns:cs="http://www.alacra.com/cs">90555</cs:csid><pubDate>29 Oct 2009 11:09:39 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">90555</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:region xmlns:cs="http://www.alacra.com/cs">europe</cs:region><cs:regionMention xmlns:cs="http://www.alacra.com/cs">europe</cs:regionMention><cs:sector xmlns:cs="http://www.alacra.com/cs">integrated_telecom</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">telecom</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">tmt</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">wireless</cs:sector><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">integrated_telecom</cs:sectorMention><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">telecom</cs:sectorMention><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">tmt</cs:sectorMention><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">wireless</cs:sectorMention><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">companies_withnvertibles</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">earnings</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">euro_markets_issuers</cs:tag><cs:tagMention xmlns:cs="http://www.alacra.com/cs">companies_withnvertibles</cs:tagMention><cs:tagMention xmlns:cs="http://www.alacra.com/cs">earnings</cs:tagMention><cs:tagMention xmlns:cs="http://www.alacra.com/cs">euro_markets_issuers</cs:tagMention><title>France Telecom: Mixed 3Q09, Event Risk Remains Key</title><cs:type xmlns:cs="http://www.alacra.com/cs">EarningsNote</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Earnings Note</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">1102</cs:wcnum><description> France Telecom: Mixed #Q##, Event Risk Remains Key France Telecoms' #Q## results were mixed, with most markets showing deteriorating trends, but capex cuts helping to preserve cash flow.

Revenues and EBITDA were down #.#% and #.#%...</description><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T2521092</link><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T2521092</ccbn:docid><guid isPermaLink="false">ccbn/T2521092</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><pubDate>29 Oct 2009 08:07:00 EST</pubDate><ccbn:eventid xmlns:ccbn="http://www.alacra.com/ccbn">2521092</ccbn:eventid><ccbn:headline xmlns:ccbn="http://www.alacra.com/ccbn">Final Transcript of FTE earnings conference call or presentation, 29-Oct-09 2:30pm CET</ccbn:headline><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">France Telecom</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">France Telecom Q3 2009 Earnings Conference Call Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">FTE</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">2:30pm CET</ccbn:time><title>France Telecom Q3 2009 Earnings Conference Call Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><description>...Gervais Pellissier France Telecom - Deputy CEO and CFO Olivier Barberot France Telecom - SEVP, Group HR, Poland Barbara Dalibard France Telecom - SEVP, Orange Business Services, Enterprise LoB Olaf Swantee France Telecom - SEVP, Europe &amp; Egypt, Personal LoB...

</description><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/research/fitch-ratings-European_Telecoms_and_Media_Sectors_Update_and_Outlook-475946_report_frame</link><fitch:docid xmlns:fitch="http://www.alacra.com/fitch">475946_report_frame</fitch:docid><guid isPermaLink="false">fitch/475946_report_frame</guid><fitch:index_mode xmlns:fitch="http://www.alacra.com/fitch">pdf</fitch:index_mode><fitch:company xmlns:fitch="http://www.alacra.com/fitch">BT Group plc</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Deutsche Telekom AG</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">France TÃ©lÃ©com</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">OTE Plc</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Portugal Telecom S.G.P.S., S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Telecom Italia SpA</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Telefonica SA</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Telenor ASA</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">TeliaSonera AB</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Vodafone Group plc</fitch:company><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80360045</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80360235</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80360236</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80360240</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80360263</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80360707</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80417179</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80520610</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">81232643</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">83201415</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">83725465</fitch:companyid><pubDate>23 Oct 2009 10:18:00 EST</pubDate><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01030400</fitch:industry><fitch:price xmlns:fitch="http://www.alacra.com/fitch">275</fitch:price><fitch:report xmlns:fitch="http://www.alacra.com/fitch">Special Report</fitch:report><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">BT.A</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">DTE</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">FTE</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">PTC</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">TEF</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">TEL</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">TIT</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">TLSN</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">VOD</fitch:ticker><title>European Telecoms and Media Sectors: Update and Outlook</title><description>Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.</description><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">ALB</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">AND</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">ARG</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">AUT</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">BEL</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">BGR</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">BIH</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">BLR</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">CHE</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">CZE</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">DEU</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">DNK</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">ESP</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">EST</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">FIN</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">FRA</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">GBR</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">GRC</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">HRV</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">HUN</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">IND</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">IRL</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">ISL</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">ITA</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">LIE</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">LTU</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">LUX</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">LVA</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">MDA</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">MEX</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">MKD</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">MLT</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">NLD</fitch:index_entry_country_code><fitch:index_entry_country_code 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xmlns:fitch="http://www.alacra.com/fitch">SWE</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">TUR</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">UKR</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">USA</fitch:index_entry_country_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">01010000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">01010100</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">01020000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">01030000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">01030400</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">01030700</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">01031000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">02020000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">03000000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">03010000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">03010800</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">03020000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">03030000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">04000000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">04020000</fitch:index_entry_mkt_sector_code><category>Credit &amp; Investment Research</category><alacra:ip>Fitch Research</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-Euro_TMT_Weekly_October_23rd_2009-90249</link><cs:docid xmlns:cs="http://www.alacra.com/cs">90249</cs:docid><guid isPermaLink="false">cs/90249</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">ArticleTemplate</cs:DS><cs:abstract xmlns:cs="http://www.alacra.com/cs">Companies are fairly quiet ahead of earnings, but regulators continue to take gradual, bureaucratic, but important steps towards formulating their regulatory policies for the next generation of fixed and mobile networks.</cs:abstract><cs:analyst xmlns:cs="http://www.alacra.com/cs">cucko</cs:analyst><cs:analyst xmlns:cs="http://www.alacra.com/cs">mchapman</cs:analyst><cs:analyst xmlns:cs="http://www.alacra.com/cs">patrizia_dâ€™amico</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">bt</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">deutsche_telekom</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">france_telecom</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">kpn</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">telecom_italia</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">telefonica</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">telenor</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">teliasonera</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">vodafone</cs:company><cs:companyFocus xmlns:cs="http://www.alacra.com/cs">deutsche_telekom</cs:companyFocus><cs:companyFocus xmlns:cs="http://www.alacra.com/cs">telecom_italia</cs:companyFocus><cs:companyFocus xmlns:cs="http://www.alacra.com/cs">telefonica</cs:companyFocus><cs:companyFocus xmlns:cs="http://www.alacra.com/cs">vodafone</cs:companyFocus><cs:companyMention xmlns:cs="http://www.alacra.com/cs">bt</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">france_telecom</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">kpn</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">telenor</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">teliasonera</cs:companyMention><cs:country xmlns:cs="http://www.alacra.com/cs">germany</cs:country><cs:country xmlns:cs="http://www.alacra.com/cs">italy</cs:country><cs:country xmlns:cs="http://www.alacra.com/cs">spain</cs:country><cs:country xmlns:cs="http://www.alacra.com/cs">united_kingdom</cs:country><cs:countryMention xmlns:cs="http://www.alacra.com/cs">germany</cs:countryMention><cs:countryMention xmlns:cs="http://www.alacra.com/cs">italy</cs:countryMention><cs:countryMention xmlns:cs="http://www.alacra.com/cs">spain</cs:countryMention><cs:countryMention xmlns:cs="http://www.alacra.com/cs">united_kingdom</cs:countryMention><cs:csid xmlns:cs="http://www.alacra.com/cs">90249</cs:csid><pubDate>23 Oct 2009 10:11:00 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">90249</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:region xmlns:cs="http://www.alacra.com/cs">europe</cs:region><cs:regionFocus xmlns:cs="http://www.alacra.com/cs">europe</cs:regionFocus><cs:sector xmlns:cs="http://www.alacra.com/cs">integrated_telecom</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">telecom</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">tmt</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">wireless</cs:sector><cs:sectorFocus xmlns:cs="http://www.alacra.com/cs">telecom</cs:sectorFocus><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">integrated_telecom</cs:sectorMention><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">tmt</cs:sectorMention><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">wireless</cs:sectorMention><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">companies_withnvertibles</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">euro_markets_issuers</cs:tag><cs:tagMention xmlns:cs="http://www.alacra.com/cs">companies_withnvertibles</cs:tagMention><cs:tagMention xmlns:cs="http://www.alacra.com/cs">euro_markets_issuers</cs:tagMention><title>Euro TMT Weekly: October 23rd 2009</title><description> Euro TMT Weekly: October ##rd #### #Q## earnings will begin in earnest next week with KPN, TLSN, TNOR and FT. Key overall themes include ambitions for resuming heavy M&amp;A, NGN capex and shareholder returns activity.

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