目录
Capex: on the increase 6
Next steps: offload, LTE 14
Technology issues 24
Tariffs: re-linking data usage
to revenues 30
Valuation, stock selection 38
Equipment vendors 42
Ericsson (ERICB) 44
ZTE (763) 46
Samsung Electronics (005930) 48
LG Electronics (066570) 50
HTC Corp (2498) 52
Telecoms service providers 55
SK Telecom (017670) 56
KT Corp (030200) 60
LG Telecom (032640) 64
NTT DoCoMo (9437) 68
KDDI (9433) 72
SoftBank (9984) 76
eAccess (9427) 80
Chunghwa Telecom (2412) 84
Taiwan Mobile (2412) 88
Far EasTone (4904) 92
Telstra (TLS) 96
SingTel (STEL) 100
Disclosure appendix 103
Disclaimer 106