Although they are only allowed to take minority stakes in Chinese telecoms companies, having a local partner could give a foreign operator better access to other telecoms projects in China.

尽管它们只获准在中国的电信企业持有少数股份，但拥有一家当地合作伙伴，可让外资运营商更好地参与中国的其它电信项目。

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But the months ahead may prove particularly chilling for foreign creditors and investors after the decision by a Russian court to freeze shares in telecoms operator Vimpel Communications.

但对外国债权人和投资者来说，未来几个月可能会更让人寒心：俄罗斯法院做出裁定，冻结电信运营商Vimpel Communications的股票。

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The telecoms operator said fierce competition would also hurt the sector, but added that its strong cash flow would allow it to continue looking for overseas acquisitions.

这家电信运营商表示，激烈的竞争也会给全行业带来打击，但补充说，其强大的现金流使其能够继续寻找海外收购机会。

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Hong Kong's appeal court blocked plans by PCCW , a telecoms operator, to buy out its shareholders.

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Huawei, a telecoms company, already supplies handsets to Vodafone, the world's biggest mobile operator.

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When Japan's telecoms market was liberalised in the 1990s the former monopoly operator, NTT, was forced to compete.

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