野村证券《亚太地区2007年电信行业研究报告》(114页).rar Looking　out We　like　telecoms　in　Asia.　We　have　stressed　before　the　defensive　appeal　of　the　sector in　general　and　positive　changes　in　telecoms　in　Japan　and　Korea.　Our　stance　mainly reflects　strong　prospects　in　domestic　markets.　But　healthy　finances　and　high valuations　mean　expanding　abroad　is　a　theme　again.　Only　a　few　telcos　can　create