Foreign Telecoms Reach Out

... Governments in Europe and Asia began privatizing former state-owned phone companies in the late 1990s. But privatization lags in many developing countries, especially in central Asia, the Middle East and Africa. India's big telecom market has also been slow to liberalize. Some countries, including China and Indonesia, still limit foreign investment. When governments finally do open up markets, large foreign telecom firms rush to cash in. [more, money.cnn.com]