http://clientportal.ibb.ubs.com/portal/index.jsp?page=eqrschstockrschsector&IndCatCode=TLS&MarketCode=GL&MarketCap=X UBS Research: Telecommunications en Copyright (C) UBS 2008. All rights reserved. eMarketing@ubs.com eMarketing@ubs.com Mon, 6 Oct 2008 Mon, 6 Oct 2008 60 http://clientportal.ibb.ubs.com/portal/index.jsp?page=eqrschrss http://research.ibb.ubs.com:80/images/logo.gif http://www.ubs.com 160 44 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez65285|native|public Regions

• Global


• Americas


• United States


• North America

Sectors

• Global Telecommunications


• Americas Telecommunications


• US Telecommunications


• North American Telecommunications

Companies

• SPT.L Spirent


• CW.L Cable & Wireless


• TEF.MC Telefonica


• NOK1V.HE Nokia


• TLIT.MI Telecom Italia


• VOD.L Vodafone Group


• BEZQ.TA Bezeq


• PTC.LS Portugal Telecom


• TEL2b.ST Tele2


• DTEGn.F Deutsche Telekom


• OTEr.AT OTE


• FTE.PA France Telecom


• ELI1V.HE Elisa Corporation


• FNTG.DE Freenet


• KPN.AS KPN


• SCMN.VX Swisscom


• VIP.N VimpelCom


• KCOM.L KCOM Group


• NPNJn.J Naspers


• THUS.L Thus


• PTNR.TA Partner


• MTNJ.J MTN


• FWB.MI Fastweb


• TKC.N Turkcell


• MBT.N MTS


• TEL.OL Telenor


• TELA.VI Telekom Austria


• BT.L BT Group


• TKGJ.J Telkom SA


• TLSN.ST TeliaSonera


• ITV.L ITV


• BCOM.BR Belgacom


• MICsdb.ST MIC


• ILD.PA Iliad


• ISA.L Inmarsat


• CEL.N Cellcom


• TNET.BR Telenet


• 005930.KS Samsung Electronics


• 017670.KS SK Telecom


• 015940.KS LG Dacom


• STEL.SI Singapore Telecom


• TEL.PS PLDT


• TLKM.JK Telkom Indonesia


• 0941.HK China Mobile


• SPRM.SI Singapore Press


• 030200.KS KT


• 033630.KQ Hanaro Telecom


• 032390.KS KTF


• 0762.HK China Unicom


• 2412.TW Chunghwa Telecom


• 3045.TW Taiwan Mobile


• 032640.KS LG Telecom


• DSOM.KL Digi.com


• BRTI.BO Bharti Airtel


• MONE.SI MobileOne


• 0728.HK China Telecom


• 000063.SZ ZTE - A


• BCE.TO BCE


• QBRb.TO Quebecor Inc.


• RCIb.TO Rogers Comms Inc.


• SJRb.TO Shaw Communications


• TELMEXL.MX Telmex


• TLVACPO.MX Grupo Televisa


• AAPL.O Apple


• VZ.N Verizon


• CMCSK.O Comcast Corporation


• S.N Sprint Nextel


• MOT.N Motorola


• NT.N Nortel Networks


• T.N AT&T Inc.


• BRTO4.SA Brasil Telecom SA


• TMAR5.SA Telemar Op. (PN)


• QCOM.O Qualcomm


• CVC.N Cablevision Systems


• LVLT.O Level 3 Comm.


• Q.N Qwest Communications


• TNLP4.SA Tele Norte Leste(PN)


• BRTP4.SA Brasil Tel Part (PN)


• VIVO4.SA Vivo Holdings (PN)


• TCSL4.SA TIM Part. (PN)


• NETC4.SA NET Servicos


• CTL.N CenturyTel


• TRI.N Thomson Reuters


• Ta.TO TELUS Corporation


• MBT.TO Manitoba Telecom


• AMT.N American Tower


• CCI.N Crown Castle Intl.


• RIMM.O Research in Motion


• PALM.O Palm


• DISH.O DISH Network


• DTV.O DIRECTV Group


• AMXL.MX America Movil


• VMED.O Virgin Media


• FTR.N Frontier


• NTLS.O NTELOS Holdings


• NIHD.O NII Holdings Inc.


• PCS.N Metro PCS


• CBB.N Cincinnati Bell


• WIN.N Windstream


• AXTELCPO.MX Axtel


• GVTT3.SA GVT Holding


• EQ.N Embarq Corp


• BRTP3.SA Brasil Tel Part (ON)


• ATNI.O Atlantic Tele-Networ


• BA_u.TO Bell Aliant Reg. Com


• TWC.N Time Warner Cable


• MEGACPO.MX Megacable


• TELINTL.MX Telmex Internacional


• TEL.NZ Telecom NZ


• TLS.AX Telstra


• MCG.AX Macquarie Comms Infr


• 9432.T NTT


• 9433.T KDDI


• 9984.T Softbank


• 9437.T NTT DoCoMo


• 9409.T TV Asahi


• STAR.SI StarHub


• 0906.HK China Netcom


• 0763.HK ZTE


• BCM.AX B & B Capital


• RLCM.BO Reliance Comm


• REF.AX Reverse Corp


• IDEA.BO Idea


• SPCM.BO Spice Communications


• 0552.HK CCS


• BTEL.JK Bakrie Tel


• 600050.SS China Unicom - A

Subjects

• Industry Overview


• Morning Note

]]> John C. Hodulik, CFA SPT.L CW.L TEF.MC NOK1V.HE TLIT.MI VOD.L BEZQ.TA PTC.LS TEL2b.ST DTEGn.F OTEr.AT FTE.PA ELI1V.HE FNTG.DE KPN.AS SCMN.VX VIP.N KCOM.L NPNJn.J THUS.L PTNR.TA MTNJ.J FWB.MI TKC.N MBT.N TEL.OL TELA.VI BT.L TKGJ.J TLSN.ST ITV.L BCOM.BR MICsdb.ST ILD.PA ISA.L CEL.N TNET.BR 005930.KS 017670.KS 015940.KS STEL.SI TEL.PS TLKM.JK 0941.HK SPRM.SI 030200.KS 033630.KQ 032390.KS 0762.HK 2412.TW 3045.TW 032640.KS DSOM.KL BRTI.BO MONE.SI 0728.HK 000063.SZ BCE.TO QBRb.TO RCIb.TO SJRb.TO TELMEXL.MX TLVACPO.MX AAPL.O VZ.N CMCSK.O S.N MOT.N NT.N T.N BRTO4.SA TMAR5.SA QCOM.O CVC.N LVLT.O Q.N TNLP4.SA BRTP4.SA VIVO4.SA TCSL4.SA NETC4.SA CTL.N TRI.N Ta.TO MBT.TO AMT.N CCI.N RIMM.O PALM.O DISH.O DTV.O AMXL.MX VMED.O FTR.N NTLS.O NIHD.O PCS.N CBB.N WIN.N AXTELCPO.MX GVTT3.SA EQ.N BRTP3.SA ATNI.O BA_u.TO TWC.N MEGACPO.MX TELINTL.MX TEL.NZ TLS.AX MCG.AX 9432.T 9433.T 9984.T 9437.T 9409.T STAR.SI 0906.HK 0763.HK BCM.AX RLCM.BO REF.AX IDEA.BO SPCM.BO 0552.HK BTEL.JK 600050.SS http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez65285|native|public|20081006000000 Mon, 6 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez65279|native|public Regions

• Global


• Americas


• United States


• North America

Sectors

• Global Wireless Communications


• Global Telecommunications


• US Wireless Communications


• Americas Wireless Communications


• Americas Telecommunications


• US Telecommunications


• North American Wireless Communications


• North American Telecommunications

Companies

• PCS.N Metro PCS

Subjects

• Company Update


• Morning Note

]]> John C. Hodulik, CFA PCS.N http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez65279|native|public|20081006000000 Mon, 6 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50819|native|public Regions

• Europe Including UK


• Europe Ex. UK


• Global

Sectors

• European Ex. UK Telecommunications


• Global Telecommunications

]]> Nick Lyall http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50819|native|public|20081006000000 Mon, 6 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50808|native|public Regions

• Europe Including UK


• Global

Sectors

• European Telecommunications


• Global Telecommunications

Companies

• OTEr.AT OTE


• VIP.N VimpelCom


• TELA.VI Telekom Austria


• BCOM.BR Belgacom

Subjects

• Company Update


• Industry Overview


• Morning Note

]]> Laura Janssens OTEr.AT VIP.N TELA.VI BCOM.BR http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50808|native|public|20081006000000 Mon, 6 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50796|native|public Regions

• Global


• Turkey


• EMEA Emerging


• UBSW EMEA


• Emerging Markets

Sectors

• Global Airlines


• Global Automobile Manufacturers


• Global Building Materials


• Global Banks


• Global Food Retailers & Wholesalers


• Global Industrial, Diversified


• Global Advanced Industrial Equipment


• Global Oil Companies, Secondary


• Global Real Estate


• Global Steel


• Turkish Airlines


• Turkish Automobile Manufacturers


• Turkish Building Materials


• Turkish Banks


• Turkish Food Retailers & Wholesalers


• Turkish Industrial, Diversified


• Turkish Advanced Industrial Equipment


• Turkish Oil Companies, Secondary


• Turkish Real Estate


• Turkish Steel


• Turkish Wireless Communications


• Turkish Distillers & Brewers


• Turkish Furnishings & Appliances


• Turkish Insurance, Full-Line


• Turkish Publishing


• EMEA Emerging Airlines


• EMEA Emerging Automobile Manufacturers


• EMEA Emerging Building Materials


• EMEA Emerging Banks


• EMEA Emerging Wireless Communications


• EMEA Emerging Distillers & Brewers


• EMEA Emerging Food Retailers & Wholesalers


• EMEA Emerging Furnishings & Appliances


• EMEA Emerging Industrial, Diversified


• EMEA Emerging Insurance, Full-Line


• EMEA Emerging Advanced Industrial Equipment


• EMEA Emerging Oil Companies, Secondary


• EMEA Emerging Publishing


• EMEA Emerging Real Estate


• EMEA Emerging Steel


• Global Wireless Communications


• Global Distillers & Brewers


• Global Furnishings & Appliances


• Global Insurance, Full-Line


• Global Publishing


• EMEA Emerging Basic Materials


• EMEA Emerging Consumer, Cyclical


• EMEA Emerging Energy


• EMEA Emerging Financial


• EMEA Emerging Home Construction & Furnishings


• EMEA Emerging Industrial


• EMEA Emerging Insurance


• EMEA Emerging Mining & Metals


• EMEA Emerging Consumer, Non-Cyclical


• EMEA Emerging Telecommunications


• EMEA Emerging Industrial Transportation


• Global Basic Materials


• Global Consumer, Cyclical


• Global Energy


• Global Financial


• Global Home Construction & Furnishings


• Global Industrial


• Global Insurance


• Global Mining & Metals


• Global Consumer, Non-Cyclical


• Global Telecommunications


• Global Industrial Transportation


• Turkish Basic Materials


• Turkish Consumer, Cyclical


• Turkish Energy


• Turkish Financial


• Turkish Home Construction & Furnishings


• Turkish Industrial


• Turkish Insurance


• Turkish Mining & Metals


• Turkish Consumer, Non-Cyclical


• Turkish Telecommunications


• Turkish Industrial Transportation


• EMEA Emerging Automobiles


• EMEA Emerging Basic Resources


• EMEA Emerging Cyclical Goods & Services


• EMEA Emerging Construction


• EMEA Emerging Food & Beverage


• EMEA Emerging Financial Services


• EMEA Emerging Industrial Goods & Services


• EMEA Emerging Media


• EMEA Emerging Non-Cyclical Goods & Services


• Global Automobiles


• Global Basic Resources


• Global Cyclical Goods & Services


• Global Construction


• Global Food & Beverage


• Global Financial Services


• Global Industrial Goods & Services


• Global Media


• Global Non-Cyclical Goods & Services


• Turkish Automobiles


• Turkish Basic Resources


• Turkish Cyclical Goods & Services


• Turkish Construction


• Turkish Food & Beverage


• Turkish Financial Services


• Turkish Industrial Goods & Services


• Turkish Media


• Turkish Non-Cyclical Goods & Services


• Turkish Banks, Ex-S&L


• Turkish Beverage


• Turkish Transportation Services


• EMEA Emerging Banks, Ex-S&L


• EMEA Emerging Beverage


• EMEA Emerging Transportation Services


• Global Banks, Ex-S&L


• Global Beverage


• Global Transportation Services


• Global Emerging Airlines


• Global Emerging Automobiles


• Global Emerging Automobile Manufacturers


• Global Emerging Basic Resources


• Global Emerging Banks, Ex-S&L


• Global Emerging Building Materials


• Global Emerging Banks


• Global Emerging Basic Materials


• Global Emerging Beverage


• Global Emerging Cyclical Goods & Services


• Global Emerging Construction


• Global Emerging Wireless Communications


• Global Emerging Consumer, Cyclical


• Global Emerging Distillers & Brewers


• Global Emerging Energy


• Global Emerging Food Retailers & Wholesalers


• Global Emerging Financial


• Global Emerging Food & Beverage


• Global Emerging Furnishings & Appliances


• Global Emerging Financial Services


• Global Emerging Home Construction & Furnishings


• Global Emerging Industrial, Diversified


• Global Emerging Industrial


• Global Emerging Industrial Goods & Services


• Global Emerging Insurance, Full-Line


• Global Emerging Insurance


• Global Emerging Advanced Industrial Equipment


• Global Emerging Media


• Global Emerging Mining & Metals


• Global Emerging Non-Cyclical Goods & Services


• Global Emerging Consumer, Non-Cyclical


• Global Emerging Oil Companies, Secondary


• Global Emerging Publishing


• Global Emerging Real Estate


• Global Emerging Steel


• Global Emerging Telecommunications


• Global Emerging Industrial Transportation


• Global Emerging Transportation Services

Companies

• AKBNK.IS Akbank


• ARCLK.IS Arcelik


• GARAN.IS Garanti


• MIGRS.IS Migros Turk


• FROTO.IS Ford Otosan


• EREGL.IS Erdemir


• AKCNS.IS Akcansa


• KCHOL.IS Koc Holding


• TUPRS.IS Tupras


• THYAO.IS Turkish Airlines


• YKBNK.IS YKB


• ISCTR.IS Is Bank


• SAHOL.IS Sabanci Holding


• SISE.IS Sisecam


• TOASO.IS Tofas Oto Fabrika


• AKGRT.IS Aksigorta


• ENKAI.IS ENKA


• DYHOL.IS Dogan Yayin Holding


• TKC.N Turkcell


• AEFES.IS Anadolu Efes


• VAKBN.IS Vakifbank


• ISGYO.IS Is REIT


• BIMAS.IS BIM


• TAVHL.IS TAV


• ASYAB.IS Bank Asya


• ALBRK.IS Albaraka

]]> Batuhan Ozsahin AKBNK.IS ARCLK.IS GARAN.IS MIGRS.IS FROTO.IS EREGL.IS AKCNS.IS KCHOL.IS TUPRS.IS THYAO.IS YKBNK.IS ISCTR.IS SAHOL.IS SISE.IS TOASO.IS AKGRT.IS ENKAI.IS DYHOL.IS TKC.N AEFES.IS VAKBN.IS ISGYO.IS BIMAS.IS TAVHL.IS ASYAB.IS ALBRK.IS http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50796|native|public|20081006000000 Mon, 6 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=zya00562|native|public Regions

• Global


• Asia


• China


• Asia Pacific


• Asia Pacific Ex. JP

Sectors

• Global Wireless Communications


• Global Fixed-Line Communications


• Global Telecommunications


• Chinese Wireless Communications


• Chinese Fixed-Line Communications


• Asian Wireless Communications


• Asian Fixed-Line Communications


• Asian Telecommunications


• Chinese Telecommunications


• Asian Pacific Wireless Communications


• Asian Pacific Fixed-Line Communications


• Asian Pacific Telecommunications


• Asian Pacific Ex. JP Wireless Communications


• Asian Pacific Ex. JP Fixed-Line Communications


• Asian Pacific Ex. JP Telecommunications

Companies

• 0941.HK China Mobile


• 0762.HK China Unicom


• 0728.HK China Telecom


• 0906.HK China Netcom

Subjects

• Industry Overview


• Morning Note

]]> Jinjin Wang, CFA 0941.HK 0762.HK 0728.HK 0906.HK http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=zya00562|native|public|20081006000000 Mon, 6 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez65266|native|public Regions

• Global

Sectors

• Global Wireless Communications


• Global Telecommunications

Companies

• MOT.N Motorola


• QCOM.O Qualcomm


• RIMM.O Research in Motion


• PALM.O Palm

Subjects

• Industry Overview


• Morning Note

]]> Maynard J. Um MOT.N QCOM.O RIMM.O PALM.O http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez65266|native|public|20081006000000 Mon, 6 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50736|native|public Regions

• Global


• Russia


• EMEA Emerging


• UBSW EMEA


• Emerging Markets

Sectors

• Russian Wireless Communications


• EMEA Emerging Wireless Communications


• Global Wireless Communications


• EMEA Emerging Telecommunications


• Global Telecommunications


• Russian Telecommunications


• Global Emerging Wireless Communications


• Global Emerging Telecommunications

Companies

• VIP.N VimpelCom

Subjects

• Company Update


• Morning Note

]]> Alex Wright VIP.N http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50736|native|public|20081003000000 Fri, 3 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50684|native|public Regions

• Europe Including UK


• Europe Ex. UK


• Global


• Sweden


• Nordic


• UBSW EMEA

Sectors

• Swedish Fixed-Line Communications


• European Fixed-Line Communications


• European Ex. UK Fixed-Line Communications


• Global Fixed-Line Communications


• European Telecommunications


• European Ex. UK Telecommunications


• Global Telecommunications


• Swedish Telecommunications


• Nordic Fixed-Line Communications


• Nordic Telecommunications

Companies

• TEL2b.ST Tele2

Subjects

• Company Update

]]> Keval Khiroya, CFA TEL2b.ST http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50684|native|public|20081003000000 Fri, 3 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez65216|native|public Regions

• Global


• Americas


• United States


• North America

Sectors

• Global Telecommunications


• Americas Telecommunications


• US Telecommunications


• North American Telecommunications

Companies

• CW.L Cable & Wireless


• TEF.MC Telefonica


• TLIT.MI Telecom Italia


• VOD.L Vodafone Group


• BEZQ.TA Bezeq


• PTC.LS Portugal Telecom


• TEL2b.ST Tele2


• DTEGn.F Deutsche Telekom


• OTEr.AT OTE


• FTE.PA France Telecom


• ELI1V.HE Elisa Corporation


• FNTG.DE Freenet


• KPN.AS KPN


• SCMN.VX Swisscom


• VIP.N VimpelCom


• KCOM.L KCOM Group


• NPNJn.J Naspers


• THUS.L Thus


• PTNR.TA Partner


• MTNJ.J MTN


• FWB.MI Fastweb


• TKC.N Turkcell


• MBT.N MTS


• TEL.OL Telenor


• TELA.VI Telekom Austria


• BT.L BT Group


• TKGJ.J Telkom SA


• TLSN.ST TeliaSonera


• ITV.L ITV


• BCOM.BR Belgacom


• MICsdb.ST MIC


• ILD.PA Iliad


• ISA.L Inmarsat


• CEL.N Cellcom


• TNET.BR Telenet


• 017670.KS SK Telecom


• 015940.KS LG Dacom


• STEL.SI Singapore Telecom


• TEL.PS PLDT


• TLKM.JK Telkom Indonesia


• 0941.HK China Mobile


• SPRM.SI Singapore Press


• 030200.KS KT


• 033630.KQ Hanaro Telecom


• 032390.KS KTF


• 0762.HK China Unicom


• 2412.TW Chunghwa Telecom


• 3045.TW Taiwan Mobile


• 032640.KS LG Telecom


• DSOM.KL Digi.com


• BRTI.BO Bharti Airtel


• MONE.SI MobileOne


• 0728.HK China Telecom


• 000063.SZ ZTE - A


• BCE.TO BCE


• QBRb.TO Quebecor Inc.


• RCIb.TO Rogers Comms Inc.


• SJRb.TO Shaw Communications


• TELMEXL.MX Telmex


• TLVACPO.MX Grupo Televisa


• VZ.N Verizon


• CMCSK.O Comcast Corporation


• S.N Sprint Nextel


• NT.N Nortel Networks


• T.N AT&T Inc.


• BRTO4.SA Brasil Telecom SA


• TMAR5.SA Telemar Op. (PN)


• CVC.N Cablevision Systems


• LVLT.O Level 3 Comm.


• Q.N Qwest Communications


• TNLP4.SA Tele Norte Leste(PN)


• BRTP4.SA Brasil Tel Part (PN)


• VIVO4.SA Vivo Holdings (PN)


• TCSL4.SA TIM Part. (PN)


• NETC4.SA NET Servicos


• CTL.N CenturyTel


• TRI.N Thomson Reuters


• Ta.TO TELUS Corporation


• MBT.TO Manitoba Telecom


• AMT.N American Tower


• CCI.N Crown Castle Intl.


• DISH.O DISH Network


• DTV.O DIRECTV Group


• AMXL.MX America Movil


• VMED.O Virgin Media


• FTR.N Frontier


• NTLS.O NTELOS Holdings


• NIHD.O NII Holdings Inc.


• PCS.N Metro PCS


• CBB.N Cincinnati Bell


• WIN.N Windstream


• AXTELCPO.MX Axtel


• GVTT3.SA GVT Holding


• EQ.N Embarq Corp


• BRTP3.SA Brasil Tel Part (ON)


• ATNI.O Atlantic Tele-Networ


• BA_u.TO Bell Aliant Reg. Com


• TWC.N Time Warner Cable


• MEGACPO.MX Megacable


• TELINTL.MX Telmex Internacional


• TEL.NZ Telecom NZ


• TLS.AX Telstra


• MCG.AX Macquarie Comms Infr


• 9432.T NTT


• 9433.T KDDI


• 9984.T Softbank


• 9437.T NTT DoCoMo


• 9409.T TV Asahi


• STAR.SI StarHub


• 0906.HK China Netcom


• 0763.HK ZTE


• BCM.AX B & B Capital


• RLCM.BO Reliance Comm


• REF.AX Reverse Corp


• IDEA.BO Idea


• SPCM.BO Spice Communications


• 0552.HK CCS


• BTEL.JK Bakrie Tel


• 600050.SS China Unicom - A

Subjects

• Industry Overview


• Morning Note

]]> John C. Hodulik, CFA CW.L TEF.MC TLIT.MI VOD.L BEZQ.TA PTC.LS TEL2b.ST DTEGn.F OTEr.AT FTE.PA ELI1V.HE FNTG.DE KPN.AS SCMN.VX VIP.N KCOM.L NPNJn.J THUS.L PTNR.TA MTNJ.J FWB.MI TKC.N MBT.N TEL.OL TELA.VI BT.L TKGJ.J TLSN.ST ITV.L BCOM.BR MICsdb.ST ILD.PA ISA.L CEL.N TNET.BR 017670.KS 015940.KS STEL.SI TEL.PS TLKM.JK 0941.HK SPRM.SI 030200.KS 033630.KQ 032390.KS 0762.HK 2412.TW 3045.TW 032640.KS DSOM.KL BRTI.BO MONE.SI 0728.HK 000063.SZ BCE.TO QBRb.TO RCIb.TO SJRb.TO TELMEXL.MX TLVACPO.MX VZ.N CMCSK.O S.N NT.N T.N BRTO4.SA TMAR5.SA CVC.N LVLT.O Q.N TNLP4.SA BRTP4.SA VIVO4.SA TCSL4.SA NETC4.SA CTL.N TRI.N Ta.TO MBT.TO AMT.N CCI.N DISH.O DTV.O AMXL.MX VMED.O FTR.N NTLS.O NIHD.O PCS.N CBB.N WIN.N AXTELCPO.MX GVTT3.SA EQ.N BRTP3.SA ATNI.O BA_u.TO TWC.N MEGACPO.MX TELINTL.MX TEL.NZ TLS.AX MCG.AX 9432.T 9433.T 9984.T 9437.T 9409.T STAR.SI 0906.HK 0763.HK BCM.AX RLCM.BO REF.AX IDEA.BO SPCM.BO 0552.HK BTEL.JK 600050.SS http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez65216|native|public|20081003000000 Fri, 3 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50708|native|public Regions

• Europe Including UK


• Global

Sectors

• European Telecommunications


• Global Telecommunications

Companies

• TEF.MC Telefonica


• VOD.L Vodafone Group


• TEL2b.ST Tele2


• DTEGn.F Deutsche Telekom


• OTEr.AT OTE


• MICsdb.ST MIC

Subjects

• Company Update


• Industry Overview


• Morning Note

]]> Laura Janssens TEF.MC VOD.L TEL2b.ST DTEGn.F OTEr.AT MICsdb.ST http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50708|native|public|20081003000000 Fri, 3 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uet08098|native|public Regions

• Global


• Asia Pacific


• Asia Pacific Ex. JP


• Australia


• Australasia

Sectors

• Global Fixed-Line Communications


• Global Telecommunications


• Asian Pacific Fixed-Line Communications


• Asian Pacific Telecommunications


• Asian Pacific Ex. JP Fixed-Line Communications


• Asian Pacific Ex. JP Telecommunications


• Australian Fixed-Line Communications


• Australian Telecommunications


• Australasian Fixed-Line Communications


• Australasian Telecommunications

Companies

• TLS.AX Telstra

Subjects

• Company Update


• Morning Note

]]> Richard Eary TLS.AX http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uet08098|native|public|20081003000000 Fri, 3 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50699|native|public Regions

• Global


• Turkey


• EMEA Emerging


• UBSW EMEA


• Emerging Markets

Sectors

• Global Airlines


• Global Automobile Manufacturers


• Global Building Materials


• Global Banks


• Global Food Retailers & Wholesalers


• Global Industrial, Diversified


• Global Advanced Industrial Equipment


• Global Oil Companies, Secondary


• Global Real Estate


• Global Steel


• Turkish Airlines


• Turkish Automobile Manufacturers


• Turkish Building Materials


• Turkish Banks


• Turkish Food Retailers & Wholesalers


• Turkish Industrial, Diversified


• Turkish Advanced Industrial Equipment


• Turkish Oil Companies, Secondary


• Turkish Real Estate


• Turkish Steel


• Turkish Wireless Communications


• Turkish Distillers & Brewers


• Turkish Furnishings & Appliances


• Turkish Insurance, Full-Line


• Turkish Publishing


• EMEA Emerging Airlines


• EMEA Emerging Automobile Manufacturers


• EMEA Emerging Building Materials


• EMEA Emerging Banks


• EMEA Emerging Wireless Communications


• EMEA Emerging Distillers & Brewers


• EMEA Emerging Food Retailers & Wholesalers


• EMEA Emerging Furnishings & Appliances


• EMEA Emerging Industrial, Diversified


• EMEA Emerging Insurance, Full-Line


• EMEA Emerging Advanced Industrial Equipment


• EMEA Emerging Oil Companies, Secondary


• EMEA Emerging Publishing


• EMEA Emerging Real Estate


• EMEA Emerging Steel


• Global Wireless Communications


• Global Distillers & Brewers


• Global Furnishings & Appliances


• Global Insurance, Full-Line


• Global Publishing


• EMEA Emerging Basic Materials


• EMEA Emerging Consumer, Cyclical


• EMEA Emerging Energy


• EMEA Emerging Financial


• EMEA Emerging Home Construction & Furnishings


• EMEA Emerging Industrial


• EMEA Emerging Insurance


• EMEA Emerging Mining & Metals


• EMEA Emerging Consumer, Non-Cyclical


• EMEA Emerging Telecommunications


• EMEA Emerging Industrial Transportation


• Global Basic Materials


• Global Consumer, Cyclical


• Global Energy


• Global Financial


• Global Home Construction & Furnishings


• Global Industrial


• Global Insurance


• Global Mining & Metals


• Global Consumer, Non-Cyclical


• Global Telecommunications


• Global Industrial Transportation


• Turkish Basic Materials


• Turkish Consumer, Cyclical


• Turkish Energy


• Turkish Financial


• Turkish Home Construction & Furnishings


• Turkish Industrial


• Turkish Insurance


• Turkish Mining & Metals


• Turkish Consumer, Non-Cyclical


• Turkish Telecommunications


• Turkish Industrial Transportation


• EMEA Emerging Automobiles


• EMEA Emerging Basic Resources


• EMEA Emerging Cyclical Goods & Services


• EMEA Emerging Construction


• EMEA Emerging Food & Beverage


• EMEA Emerging Financial Services


• EMEA Emerging Industrial Goods & Services


• EMEA Emerging Media


• EMEA Emerging Non-Cyclical Goods & Services


• Global Automobiles


• Global Basic Resources


• Global Cyclical Goods & Services


• Global Construction


• Global Food & Beverage


• Global Financial Services


• Global Industrial Goods & Services


• Global Media


• Global Non-Cyclical Goods & Services


• Turkish Automobiles


• Turkish Basic Resources


• Turkish Cyclical Goods & Services


• Turkish Construction


• Turkish Food & Beverage


• Turkish Financial Services


• Turkish Industrial Goods & Services


• Turkish Media


• Turkish Non-Cyclical Goods & Services


• Turkish Banks, Ex-S&L


• Turkish Beverage


• Turkish Transportation Services


• EMEA Emerging Banks, Ex-S&L


• EMEA Emerging Beverage


• EMEA Emerging Transportation Services


• Global Banks, Ex-S&L


• Global Beverage


• Global Transportation Services


• Global Emerging Airlines


• Global Emerging Automobiles


• Global Emerging Automobile Manufacturers


• Global Emerging Basic Resources


• Global Emerging Banks, Ex-S&L


• Global Emerging Building Materials


• Global Emerging Banks


• Global Emerging Basic Materials


• Global Emerging Beverage


• Global Emerging Cyclical Goods & Services


• Global Emerging Construction


• Global Emerging Wireless Communications


• Global Emerging Consumer, Cyclical


• Global Emerging Distillers & Brewers


• Global Emerging Energy


• Global Emerging Food Retailers & Wholesalers


• Global Emerging Financial


• Global Emerging Food & Beverage


• Global Emerging Furnishings & Appliances


• Global Emerging Financial Services


• Global Emerging Home Construction & Furnishings


• Global Emerging Industrial, Diversified


• Global Emerging Industrial


• Global Emerging Industrial Goods & Services


• Global Emerging Insurance, Full-Line


• Global Emerging Insurance


• Global Emerging Advanced Industrial Equipment


• Global Emerging Media


• Global Emerging Mining & Metals


• Global Emerging Non-Cyclical Goods & Services


• Global Emerging Consumer, Non-Cyclical


• Global Emerging Oil Companies, Secondary


• Global Emerging Publishing


• Global Emerging Real Estate


• Global Emerging Steel


• Global Emerging Telecommunications


• Global Emerging Industrial Transportation


• Global Emerging Transportation Services

Companies

• AKBNK.IS Akbank


• ARCLK.IS Arcelik


• GARAN.IS Garanti


• MIGRS.IS Migros Turk


• FROTO.IS Ford Otosan


• EREGL.IS Erdemir


• AKCNS.IS Akcansa


• KCHOL.IS Koc Holding


• TUPRS.IS Tupras


• THYAO.IS Turkish Airlines


• YKBNK.IS YKB


• ISCTR.IS Is Bank


• SAHOL.IS Sabanci Holding


• SISE.IS Sisecam


• TOASO.IS Tofas Oto Fabrika


• AKGRT.IS Aksigorta


• ENKAI.IS ENKA


• DYHOL.IS Dogan Yayin Holding


• TKC.N Turkcell


• AEFES.IS Anadolu Efes


• VAKBN.IS Vakifbank


• ISGYO.IS Is REIT


• BIMAS.IS BIM


• TAVHL.IS TAV


• ASYAB.IS Bank Asya


• ALBRK.IS Albaraka

]]> Batuhan Ozsahin AKBNK.IS ARCLK.IS GARAN.IS MIGRS.IS FROTO.IS EREGL.IS AKCNS.IS KCHOL.IS TUPRS.IS THYAO.IS YKBNK.IS ISCTR.IS SAHOL.IS SISE.IS TOASO.IS AKGRT.IS ENKAI.IS DYHOL.IS TKC.N AEFES.IS VAKBN.IS ISGYO.IS BIMAS.IS TAVHL.IS ASYAB.IS ALBRK.IS http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50699|native|public|20081003000000 Fri, 3 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez65150|native|public Regions

• Global


• Americas


• United States


• North America

Sectors

• Global Telecommunications


• Americas Telecommunications


• US Telecommunications


• North American Telecommunications

Companies

• CW.L Cable & Wireless


• TEF.MC Telefonica


• TLIT.MI Telecom Italia


• VOD.L Vodafone Group


• BEZQ.TA Bezeq


• PTC.LS Portugal Telecom


• TEL2b.ST Tele2


• DTEGn.F Deutsche Telekom


• OTEr.AT OTE


• FTE.PA France Telecom


• ELI1V.HE Elisa Corporation


• FNTG.DE Freenet


• KPN.AS KPN


• SCMN.VX Swisscom


• VIP.N VimpelCom


• KCOM.L KCOM Group


• NPNJn.J Naspers


• THUS.L Thus


• PTNR.TA Partner


• MTNJ.J MTN


• FWB.MI Fastweb


• TKC.N Turkcell


• MBT.N MTS


• TEL.OL Telenor


• TELA.VI Telekom Austria


• BT.L BT Group


• TKGJ.J Telkom SA


• TLSN.ST TeliaSonera


• ITV.L ITV


• BCOM.BR Belgacom


• MICsdb.ST MIC


• ILD.PA Iliad


• ISA.L Inmarsat


• CEL.N Cellcom


• TNET.BR Telenet


• 017670.KS SK Telecom


• 015940.KS LG Dacom


• STEL.SI Singapore Telecom


• TEL.PS PLDT


• TLKM.JK Telkom Indonesia


• 0941.HK China Mobile


• SPRM.SI Singapore Press


• 030200.KS KT


• 033630.KQ Hanaro Telecom


• 032390.KS KTF


• 0762.HK China Unicom


• 2412.TW Chunghwa Telecom


• 3045.TW Taiwan Mobile


• 032640.KS LG Telecom


• DSOM.KL Digi.com


• BRTI.BO Bharti Airtel


• MONE.SI MobileOne


• 0728.HK China Telecom


• 000063.SZ ZTE - A


• BCE.TO BCE


• QBRb.TO Quebecor Inc.


• RCIb.TO Rogers Comms Inc.


• SJRb.TO Shaw Communications


• TELMEXL.MX Telmex


• TLVACPO.MX Grupo Televisa


• VZ.N Verizon


• CMCSK.O Comcast Corporation


• S.N Sprint Nextel


• NT.N Nortel Networks


• T.N AT&T Inc.


• BRTO4.SA Brasil Telecom SA


• TMAR5.SA Telemar Op. (PN)


• CVC.N Cablevision Systems


• LVLT.O Level 3 Comm.


• Q.N Qwest Communications


• TNLP4.SA Tele Norte Leste(PN)


• BRTP4.SA Brasil Tel Part (PN)


• VIVO4.SA Vivo Holdings (PN)


• TCSL4.SA TIM Part. (PN)


• NETC4.SA NET Servicos


• CTL.N CenturyTel


• TRI.N Thomson Reuters


• Ta.TO TELUS Corporation


• MBT.TO Manitoba Telecom


• AMT.N American Tower


• CCI.N Crown Castle Intl.


• DISH.O DISH Network


• DTV.O DIRECTV Group


• AMXL.MX America Movil


• VMED.O Virgin Media


• FTR.N Frontier


• NTLS.O NTELOS Holdings


• NIHD.O NII Holdings Inc.


• PCS.N Metro PCS


• CBB.N Cincinnati Bell


• WIN.N Windstream


• AXTELCPO.MX Axtel


• GVTT3.SA GVT Holding


• EQ.N Embarq Corp


• BRTP3.SA Brasil Tel Part (ON)


• ATNI.O Atlantic Tele-Networ


• BA_u.TO Bell Aliant Reg. Com


• TWC.N Time Warner Cable


• MEGACPO.MX Megacable


• TELINTL.MX Telmex Internacional


• TEL.NZ Telecom NZ


• TLS.AX Telstra


• MCG.AX Macquarie Comms Infr


• 9432.T NTT


• 9433.T KDDI


• 9984.T Softbank


• 9437.T NTT DoCoMo


• 9409.T TV Asahi


• STAR.SI StarHub


• 0906.HK China Netcom


• 0763.HK ZTE


• BCM.AX B & B Capital


• RLCM.BO Reliance Comm


• REF.AX Reverse Corp


• IDEA.BO Idea


• SPCM.BO Spice Communications


• 0552.HK CCS


• BTEL.JK Bakrie Tel


• 600050.SS China Unicom - A

Subjects

• Industry Overview


• Morning Note

]]> John C. Hodulik, CFA CW.L TEF.MC TLIT.MI VOD.L BEZQ.TA PTC.LS TEL2b.ST DTEGn.F OTEr.AT FTE.PA ELI1V.HE FNTG.DE KPN.AS SCMN.VX VIP.N KCOM.L NPNJn.J THUS.L PTNR.TA MTNJ.J FWB.MI TKC.N MBT.N TEL.OL TELA.VI BT.L TKGJ.J TLSN.ST ITV.L BCOM.BR MICsdb.ST ILD.PA ISA.L CEL.N TNET.BR 017670.KS 015940.KS STEL.SI TEL.PS TLKM.JK 0941.HK SPRM.SI 030200.KS 033630.KQ 032390.KS 0762.HK 2412.TW 3045.TW 032640.KS DSOM.KL BRTI.BO MONE.SI 0728.HK 000063.SZ BCE.TO QBRb.TO RCIb.TO SJRb.TO TELMEXL.MX TLVACPO.MX VZ.N CMCSK.O S.N NT.N T.N BRTO4.SA TMAR5.SA CVC.N LVLT.O Q.N TNLP4.SA BRTP4.SA VIVO4.SA TCSL4.SA NETC4.SA CTL.N TRI.N Ta.TO MBT.TO AMT.N CCI.N DISH.O DTV.O AMXL.MX VMED.O FTR.N NTLS.O NIHD.O PCS.N CBB.N WIN.N AXTELCPO.MX GVTT3.SA EQ.N BRTP3.SA ATNI.O BA_u.TO TWC.N MEGACPO.MX TELINTL.MX TEL.NZ TLS.AX MCG.AX 9432.T 9433.T 9984.T 9437.T 9409.T STAR.SI 0906.HK 0763.HK BCM.AX RLCM.BO REF.AX IDEA.BO SPCM.BO 0552.HK BTEL.JK 600050.SS http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez65150|native|public|20081002000000 Thu, 2 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50673|native|public Regions

• Europe Including UK


• Europe Ex. UK


• Global


• Sweden


• Nordic


• UBSW EMEA

Sectors

• Swedish Wireless Communications


• European Wireless Communications


• European Ex. UK Wireless Communications


• Global Wireless Communications


• European Telecommunications


• European Ex. UK Telecommunications


• Global Telecommunications


• Swedish Telecommunications


• Nordic Wireless Communications


• Nordic Telecommunications

Companies

• MICsdb.ST MIC

Subjects

• Company Update


• Operating Results


• Morning Note

]]> Marcus Baeumer MICsdb.ST http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50673|native|public|20081002000000 Thu, 2 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50665|native|public Regions

• Europe Including UK


• Europe Ex. UK


• Global

Sectors

• European Ex. UK Telecommunications


• Global Telecommunications

]]> Nick Lyall http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50665|native|public|20081002000000 Thu, 2 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50660|native|public Regions

• Germany


• Europe Including UK


• Europe Ex. UK


• France


• United Kingdom


• Global


• Ireland


• Netherlands


• Norway


• Nordic


• UBSW EMEA

Sectors

• European Building Materials


• European Industrial, Diversified


• European Oil Companies, Major


• European Investment Services


• European Ex. UK Oil Companies, Major


• British Building Materials


• Global Building Materials


• Global Industrial, Diversified


• Global Oil Companies, Major


• Global Real Estate


• Global Investment Services


• German Fixed-Line Communications


• European Fixed-Line Communications


• European Ex. UK Fixed-Line Communications


• Global Fixed-Line Communications


• German Telecommunications


• European Energy


• European Financial


• European Industrial


• European Consumer, Non-Cyclical


• European Telecommunications


• European Ex. UK Energy


• European Ex. UK Telecommunications


• British Industrial


• Global Energy


• Global Financial


• Global Industrial


• Global Consumer, Non-Cyclical


• Global Telecommunications


• European Construction


• European Food & Beverage


• European Financial Services


• European Industrial Goods & Services


• British Construction


• Global Construction


• Global Food & Beverage


• Global Financial Services


• Global Industrial Goods & Services


• European Beverage


• European Oil Drilling, Equipment & Services


• European Ex. UK Oil Drilling, Equipment & Services


• Nordic Financial


• Nordic Financial Services


• Nordic Real Estate


• Global Beverage


• Global Oil Drilling, Equipment & Services

Subjects

• Change in Recommendation


• Company Update


• Industry Overview


• Market Strategy / Comment


• Operating Results


• Smaller Capitalised Companies


• Morning Note

]]> Sakshi Jain http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50660|native|public|20081002000000 Thu, 2 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50659|native|public Regions

• Europe Including UK


• Global

Sectors

• European Telecommunications


• Global Telecommunications

Companies

• TEF.MC Telefonica


• TLIT.MI Telecom Italia


• VOD.L Vodafone Group


• PTC.LS Portugal Telecom


• DTEGn.F Deutsche Telekom


• KPN.AS KPN


• TELA.VI Telekom Austria


• BT.L BT Group


• TLSN.ST TeliaSonera


• MICsdb.ST MIC


• ORTEq.L Orascom Telecom


• QSCG.DE QSC


• CTCa.SN CTC

Subjects

• Company Update


• Industry Overview


• Morning Note

]]> Laura Janssens TEF.MC TLIT.MI VOD.L PTC.LS DTEGn.F KPN.AS TELA.VI BT.L TLSN.ST MICsdb.ST ORTEq.L QSCG.DE CTCa.SN http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50659|native|public|20081002000000 Thu, 2 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50647|native|public Regions

• Global


• Turkey


• EMEA Emerging


• UBSW EMEA


• Emerging Markets

Sectors

• Global Airlines


• Global Automobile Manufacturers


• Global Building Materials


• Global Banks


• Global Food Retailers & Wholesalers


• Global Industrial, Diversified


• Global Advanced Industrial Equipment


• Global Oil Companies, Secondary


• Global Real Estate


• Global Steel


• Turkish Airlines


• Turkish Automobile Manufacturers


• Turkish Building Materials


• Turkish Banks


• Turkish Food Retailers & Wholesalers


• Turkish Industrial, Diversified


• Turkish Advanced Industrial Equipment


• Turkish Oil Companies, Secondary


• Turkish Real Estate


• Turkish Steel


• Turkish Wireless Communications


• Turkish Distillers & Brewers


• Turkish Furnishings & Appliances


• Turkish Insurance, Full-Line


• Turkish Publishing


• EMEA Emerging Airlines


• EMEA Emerging Automobile Manufacturers


• EMEA Emerging Building Materials


• EMEA Emerging Banks


• EMEA Emerging Wireless Communications


• EMEA Emerging Distillers & Brewers


• EMEA Emerging Food Retailers & Wholesalers


• EMEA Emerging Furnishings & Appliances


• EMEA Emerging Industrial, Diversified


• EMEA Emerging Insurance, Full-Line


• EMEA Emerging Advanced Industrial Equipment


• EMEA Emerging Oil Companies, Secondary


• EMEA Emerging Publishing


• EMEA Emerging Real Estate


• EMEA Emerging Steel


• Global Wireless Communications


• Global Distillers & Brewers


• Global Furnishings & Appliances


• Global Insurance, Full-Line


• Global Publishing


• EMEA Emerging Basic Materials


• EMEA Emerging Consumer, Cyclical


• EMEA Emerging Energy


• EMEA Emerging Financial


• EMEA Emerging Home Construction & Furnishings


• EMEA Emerging Industrial


• EMEA Emerging Insurance


• EMEA Emerging Mining & Metals


• EMEA Emerging Consumer, Non-Cyclical


• EMEA Emerging Telecommunications


• EMEA Emerging Industrial Transportation


• Global Basic Materials


• Global Consumer, Cyclical


• Global Energy


• Global Financial


• Global Home Construction & Furnishings


• Global Industrial


• Global Insurance


• Global Mining & Metals


• Global Consumer, Non-Cyclical


• Global Telecommunications


• Global Industrial Transportation


• Turkish Basic Materials


• Turkish Consumer, Cyclical


• Turkish Energy


• Turkish Financial


• Turkish Home Construction & Furnishings


• Turkish Industrial


• Turkish Insurance


• Turkish Mining & Metals


• Turkish Consumer, Non-Cyclical


• Turkish Telecommunications


• Turkish Industrial Transportation


• EMEA Emerging Automobiles


• EMEA Emerging Basic Resources


• EMEA Emerging Cyclical Goods & Services


• EMEA Emerging Construction


• EMEA Emerging Food & Beverage


• EMEA Emerging Financial Services


• EMEA Emerging Industrial Goods & Services


• EMEA Emerging Media


• EMEA Emerging Non-Cyclical Goods & Services


• Global Automobiles


• Global Basic Resources


• Global Cyclical Goods & Services


• Global Construction


• Global Food & Beverage


• Global Financial Services


• Global Industrial Goods & Services


• Global Media


• Global Non-Cyclical Goods & Services


• Turkish Automobiles


• Turkish Basic Resources


• Turkish Cyclical Goods & Services


• Turkish Construction


• Turkish Food & Beverage


• Turkish Financial Services


• Turkish Industrial Goods & Services


• Turkish Media


• Turkish Non-Cyclical Goods & Services


• Turkish Banks, Ex-S&L


• Turkish Beverage


• Turkish Transportation Services


• EMEA Emerging Banks, Ex-S&L


• EMEA Emerging Beverage


• EMEA Emerging Transportation Services


• Global Banks, Ex-S&L


• Global Beverage


• Global Transportation Services


• Global Emerging Airlines


• Global Emerging Automobiles


• Global Emerging Automobile Manufacturers


• Global Emerging Basic Resources


• Global Emerging Banks, Ex-S&L


• Global Emerging Building Materials


• Global Emerging Banks


• Global Emerging Basic Materials


• Global Emerging Beverage


• Global Emerging Cyclical Goods & Services


• Global Emerging Construction


• Global Emerging Wireless Communications


• Global Emerging Consumer, Cyclical


• Global Emerging Distillers & Brewers


• Global Emerging Energy


• Global Emerging Food Retailers & Wholesalers


• Global Emerging Financial


• Global Emerging Food & Beverage


• Global Emerging Furnishings & Appliances


• Global Emerging Financial Services


• Global Emerging Home Construction & Furnishings


• Global Emerging Industrial, Diversified


• Global Emerging Industrial


• Global Emerging Industrial Goods & Services


• Global Emerging Insurance, Full-Line


• Global Emerging Insurance


• Global Emerging Advanced Industrial Equipment


• Global Emerging Media


• Global Emerging Mining & Metals


• Global Emerging Non-Cyclical Goods & Services


• Global Emerging Consumer, Non-Cyclical


• Global Emerging Oil Companies, Secondary


• Global Emerging Publishing


• Global Emerging Real Estate


• Global Emerging Steel


• Global Emerging Telecommunications


• Global Emerging Industrial Transportation


• Global Emerging Transportation Services

Companies

• AKBNK.IS Akbank


• ARCLK.IS Arcelik


• GARAN.IS Garanti


• MIGRS.IS Migros Turk


• FROTO.IS Ford Otosan


• EREGL.IS Erdemir


• AKCNS.IS Akcansa


• KCHOL.IS Koc Holding


• TUPRS.IS Tupras


• THYAO.IS Turkish Airlines


• YKBNK.IS YKB


• ISCTR.IS Is Bank


• SAHOL.IS Sabanci Holding


• SISE.IS Sisecam


• TOASO.IS Tofas Oto Fabrika


• AKGRT.IS Aksigorta


• ENKAI.IS ENKA


• DYHOL.IS Dogan Yayin Holding


• TKC.N Turkcell


• AEFES.IS Anadolu Efes


• VAKBN.IS Vakifbank


• ISGYO.IS Is REIT


• BIMAS.IS BIM


• TAVHL.IS TAV


• ASYAB.IS Bank Asya


• ALBRK.IS Albaraka

]]> Batuhan Ozsahin AKBNK.IS ARCLK.IS GARAN.IS MIGRS.IS FROTO.IS EREGL.IS AKCNS.IS KCHOL.IS TUPRS.IS THYAO.IS YKBNK.IS ISCTR.IS SAHOL.IS SISE.IS TOASO.IS AKGRT.IS ENKAI.IS DYHOL.IS TKC.N AEFES.IS VAKBN.IS ISGYO.IS BIMAS.IS TAVHL.IS ASYAB.IS ALBRK.IS http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50647|native|public|20081002000000 Thu, 2 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=ueu04349|native|public Regions

• Global


• Americas


• Canada


• North America

Sectors

• Global Telecommunications


• Americas Telecommunications


• Canadian Telecommunications


• North American Telecommunications

Companies

• BCE.TO BCE


• QBRb.TO Quebecor Inc.


• RCIb.TO Rogers Comms Inc.


• SJRb.TO Shaw Communications


• Ta.TO TELUS Corporation


• MBT.TO Manitoba Telecom


• BA_u.TO Bell Aliant Reg. Com

Subjects

• Industry Overview


• Morning Note

]]> Jeffrey Fan, CFA BCE.TO QBRb.TO RCIb.TO SJRb.TO Ta.TO MBT.TO BA_u.TO http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=ueu04349|native|public|20081002000000 Thu, 2 Oct 2008