67 WALL STREET, New York - November 3, 2009 - The Wall Street Transcript has just published its Telecommunications Services & Equipment Report offering a timely review of the sector to serious investors and industry executives. This 20 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online

TWST: Who are your top picks right now and why?

Mr. King: With our view of the U.S. being a more mature telecom market with very little near-term, organic growth opportunities out there, we focus more on the emerging market names. Our top pick right now is NII Holdings (NIHD), which is a Latin American carrier based on the old Nextel business model here in the U.S. - so push-to-talk, walkie-talkie-type of product focusing on small and medium businesses in Latin America. We like Millicom (MICC) as well, which is a global, pure-play, emerging-market wireless operator, which has operations primarily in Central and South America as well as Africa. The business model there is essentially using a lot of the strong, more consistent free cash flows that are coming out of markets in Latin America to fund a lot of the growth opportunities that the company feels are still ahead of them in Africa. So we think it has a good mix of more mature, kind of stable free cash flows that are helping to fund a more aggressive expansion in Africa, where they are in a lot of markets with penetration levels below 20%. So we think there is some very strong growth opportunities left ahead of them there.