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Drool, Britannia? Is the UK Failing the Cloud?
By Roger Strukhoff
Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud. We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
Jan. 8, 2012 11:38 AM EST
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From the Wires
Aberdeen Emerging Markets Telecommunications Fund, Inc. Announces Performance Data and Portfolio Composition

By: PR Newswire
Sep. 8, 2010 10:34 AM

PHILADELPHIA, Sept. 8 /PRNewswire/ -- Aberdeen Emerging Markets Telecommunications Fund, Inc. (the "Fund") (NYSE AMEX: ETF), a closed-end equity fund, announced today its performance data and portfolio composition as of July 31, 2010.

The Fund's total returns for various periods through July 31, 2010 are provided below. (All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees):



                                               Market Price Total
    Period            NAV Total Return %                             Return %
                  Cumulative   Annualized   Cumulative  Annualized
    Since
     inception         285.8          7.7        240.0         7.0
    (June 1992)
    10-years            39.7          3.4         62.9         5.0
    5-years             66.8         10.8         72.0        11.4
    3-years            -13.1         -4.6        -16.4        -5.8
    -------            -----         ----        -----        ----
    1-year                            8.7                      6.0
    ------                            ---                      ---


On July 31, 2010, the Fund's net assets amounted to US$158.6 million and the Fund's NAV per share was $19.24.

As of July 31, 2010, the portfolio was invested as follows:




    Portfolio                 Geographic
     Composition              Exposure %
    Hong Kong                       12.7
    Mexico                           9.8
    India                            8.3
    Taiwan                           8.2
    Indonesia                        7.2
    Malaysia                         5.3
    United States                    5.3
    Thailand                         5.2
    Russia                           5.1
    Israel                           5.0
    Portugal                         4.3
    Singapore                        4.3
    South Africa                     4.0
    Netherlands                      3.8
    Kenya                            3.5
    Chile                            3.0
    Croatia                          2.5
    Morocco                          2.2
    -------                          ---
    Brazil                           0.3
    ------                           ---


The Fund's ten largest equity holdings as of July 31, 2010, representing 66.6% of net assets, were:




                                          Percent
    Stock                                    of
                                             Net
                                           Assets
    China Mobile Limited                      11.9
    America Movil SAB de CV                    9.8
    Bharti Airtel Limited                      8.3
    Taiwan Mobile Company Limited              8.1
    Digi.com Berhad                            5.3
    Mobile Telesystems OJSC                    5.1
    Advanced Info Service PCL                  4.9
    Telekomunikasi TBK                         4.6
    Bezeq Israeli Telecommunications
     Corporation Limited                       4.3
    --------------------------------           ---
    Singapore Telecommunications               4.3
    ----------------------------               ---


Important Information

Aberdeen Asset Management Inc. has prepared this report based on information sources believed to be accurate and reliable. However, the figures are unaudited and neither the Fund, Aberdeen Asset Management Investment Services Limited (the Investment Adviser), nor any other person guarantees their accuracy. Investors should seek their own professional advice and should consider the investment objectives, risks, charges and expenses before acting on this information. Aberdeen is a U.S. registered service mark of Aberdeen Asset Management PLC.

Total return figures with distributions reinvested at the dividend reinvestment price are stated net-of-fees and represents past performance. Past performance is not indicative of future results, current performance may be higher or lower. Holdings are subject to change and are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities shown. Inception date June 17, 1992.


     If you wish to receive this information electronically, please contact:
                       InvestorRelations@aberdeen-asset.com


SOURCE Aberdeen Emerging Markets Telecommunications Fund, Inc.

Published Sep. 8, 2010— Reads 142
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