A successful company supplies a product to fulfill a need, and sadly, the need in South Africa is to prevent car thefts. In a country where 10 cars are stolen every hour, DigiCore's telematics for GPS/GSM vehicle tracking systems and fleet management have been well received. Through subsidiaries C-track and DigiCore Fleet Management, the company provides wireless hardware and software platforms for government agencies and commercial customers to keep tabs on their mobile assets. DigiCore now has operations in almost 40 countries; however, South Africa is still its largest market, with 60% of sales. Major commercial customers include Telkom and Xstrata in South Africa and Royal Mail and Thames Water in the UK.

Ulticom makes signaling software used to connect Internet and telecom service providers' switching and messaging systems and manage routing and billing information. Ulticom's Signalware software lets communications providers offer such services as voice-activated dialing, text messaging, and Internet call-waiting. The company has served clients including Alcatel-Lucent and Nokia Siemens. Ulticom gets about three-quarters of its sales outside the US. Comverse Technology owns about two-thirds of Ulticom, which it spun off in 2000. The company agreed to be acquired by buyout firm Platinum Equity for about $90 million.

NTT America offers a combination of managed private network, enterprise data hosting, Internet access, network security, and IT services to corporate customers in North and Latin America. Its top clients include the US subsidiaries of Mitsui, Sumitomo Electric, and Nippon Express, as well as such domestic customers as Parlance Systems and Neways International. Private broadband network services, linking cities in the US, Asia, and Europe, are offered under Arcstar brand. NTT America provides bilingual support services to global companies with a presence in Japan. NTT America is a subsidiary and the North American representative of Japanese telecommunications giant Nippon Telegraph and Telephone (NTT).

Telekom Austria keeps the hills alive with the sound of conversation. The country's largest telecommunications provider offers fixed-line telephone and Internet access to more than 2 million individuals and businesses, and cable TV to more than 100,000 homes. With nearly 5 million wireless subscribers, Telekom Austria counts more than half the country's population as customers. The company also has more than 14 million additional wireless subscribers through holdings in seven other companies across central and southeastern Europe, including mobilkom Liechtenstein and VIPnet in Croatia. The Austrian government owns 28% of Telekom Austria; Capital Research & Management, a Capital Group company, follows with 15%.

Spring Communications jumped headfirst into the mobile communications business in 2001 as a retailer of mobile phones and service. The company provides wireless communications products and services to more than 1 million customers in Utah and Colorado. Now an authorized AT&T retailer, Spring Communications sells a variety of phones, accessories and services including voice, SMS, and high- speed wireless data services through its chain of about 75 retail stores. The company was founded in 2001.

GVTC began more than half a century ago as a telephone cooperative with the purpose of providing modern phone service to remote parts of the Texas Hill Country and other rural areas to the north of San Antonio.Today, GVTC has evolved into a comprehensive communications provider with offerings that go well beyond residential and business telephone service. The products and services also include cable TV, high-speed Internet, security, long distance, advanced data services and more.GVTC remains true to its roots as a cooperative. In fact, it is the largest telephone cooperative in Texas, whose service area spans 2,000 square miles and eleven counties.

Canada calls on Rogers Communications. Its Rogers Wireless subsidiary is Canada's #1 mobile phone outfit with about 8 million subscribers across the country; services are sold under the Rogers Wireless and Fido brands. As the nation's #1 cable TV operator, the companny also serves some 2.3 million viewers throughout eastern Canada through subsidiary Rogers Cable. Its cable unit also oversees the company's Internet and nationwide traditional and computer telephony services. Rogers Media oversees broadcasting and publishing operations and it holds the company's stake in Rogers Blue Jays Baseball Partnership, with interests in the Toronto Blue Jays major league baseball team and Rogers Centre sports complex.

Qwest Communications International Inc. provides data, Internet, video, and voice services in the United States and internationally. The company offers its products and services using telecommunications network, which consists of voice and data switches, copper cables, fiber optic broadband cables, and other equipment to mass markets, business, and wholesale customers. It provides various data and Internet services, including private line, multi-protocol label switching, broadband, VoIP, and data integration services, as well as Web hosting and related services comprising provision space, power, bandwidth, and managed services in data centers; and server and application management, back-up, disaster recovery, and Web design services. Its data and Internet services also consist of traditional wide area network products, such as ATM, frame relay, dedicated Internet access, and virtual private network;

Wegener doesn't mind broadcasting its business. Wegener company, through its Wegener Communications subsidiary, makes transmission and receiving equipment primarily for the broadcast and data communications markets. Its products include digital and analog compression equipment that increases satellite channel capacity, cue and control products that enable cable networks to insert local commercials, devices that feed data to news and weather services, and equipment that transmits background music to businesses. Customers include MUZAK and Roberts Communications.

In the late 1990's, several of the Regional Bell Operating Companies and other large telecommunications companies, such as GTE Midwest Incorporated, decided to sell many of their rural assets. Many of these large providers had decided to focus investment capital and resources on their urban markets and national wireless and business service operations, rather than on their rural markets, which we believe were historically underserved by the large providers. We concluded that GTE Midwest Incorporated's divestiture of its rural Iowa operations presented an attractive opportunity to improve the financial performance of this business by improving existing networks, offering customers additional services and providing high quality, locally focused customer service. We began business on June 30, 2000 when we acquired the Iowa operations of GTE Midwest Incorporated.

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