Epstein Secrets

Mexico 9,433 118,679 7.9% Dish USA $3,297 $30,234 10.9% Telefonica Spain 27238 145,411 18.7% DirecTV USA 785 55,918 1.4% Axiata Malaysia 580 20,809 2.8% FSS Vimpelcom Netherlands 6,797 39210 173% SES Luxembourg $1,011 518,391 53% Etisalat UAE 2,191 25,045 8.7% Intel

ia 4,282 10,557 40.6% Iridium USA 14 1,323 1.1% Idea Cellular India 1,730 10,719 16.1% MI5 Russia 182 23,731 0.8% Average") 17.8% Telecom Italia Italy 8,803 61,933 142% Median 13.8% Tata Teleservictu India 366 1,266 28.9% Global Bit Implied Spectrum Value Turkccll Turkey 1,112

a Movil Mexico 9,433 118,679 7.9% USA $3297 530234 10.9% Telefonica Spain 27,238 145,411 18.7% DirecTV USA 785 55,918 1.4% Axiata Malaysia 580 20,809 2.8% O.2 Vimpelcom Netherlands 6,797 39,210 17.3% SES Luxembourg $1,011 518,391 55% F.tisalat UAE 2,191 25.045 8.7% In

ns India 4,282 10557 40.6% Iridium USA 14 1,323 1.1% Idea Cellular India 1.730 10,719 16.1% Averagen) 17.8% Russia 182 23,731 0.8% Telecom Italia Italy 8,803 61,933 142% Median 138% Tab Teleservices India 366 1266 28.9% Turkcell Turkey 1,112 9,261 12.0% Megaton Russia 1,905

ource: BofA Merrill Lynch Global Research. Data from 2-Jan-12 to 2-Jun-17 Foreign inflows into Korea, Taiwan, India, Indonesia, the Philippines, and Malaysia Notable trends and dislocations (Asia) Asian equity markets saw modest gains last week, led by Japan’s NKY index, which increased 2.5% week-over-we

NCTF ORA FP Frederic Boulan, CFA Orange ORAN ORAN US Frederic Boulan, CFA TDC A/S TDCAF TDC DC Sunil P. Pate Tele Columbus XBTLF TC1 GR Sunil P. Pate Telecom Italia -RSP TIAJF TITR IM David Wright Telecom Italia SPA Tl TIUS David Wright Telecom Italia SPA TIAOF TIT IM David Wright Telefonica SA TEFOF TEF SM David