Headline Stories

• Versatel faces takeover, Tele2 likely buyer
• Telecom Italia offers E5.6 per share in TIM buyout
• Virgin Group, Chinese Telecom firm in JV talks
• Telekom Austria plans bond to help finance Mobiltel buy
• Russian mobile subscriptions rise by record 3.8m in November
• Philippine PLDT confirms to prepay $106m debt due 2006
• Government to place more Deutsche Telekom shares with KfW
• China Mobile raises 3G spending up to 110bn yuan

Business & Regulatory

• Brazil's Anatel pre-approves sale of Net stake to Telmex
• Sweden's PTS denies requests for slower 3G buildout
• Russia to liberalise long-distance calls market soon
• Russia to simplify mobile phone imports by January
• Government to place more Deutsche Telekom shares with KfW
• Foreign firms not rushing into China telecoms market
• FCC's Powell urges Congress to act on telecoms issues
• CLEC trade groups merge as key telecoms policy issues brew