The first
part of this report will provide you with an outlook of the
liberalisation status of each of the world 's 192 countries also
identifying crutial information such as VoIP liberalisation.
Research and Markets
(http://www. HSBC is marketed worldwide as 'the
world's local bank'.

east grassroots

grassroots asia

At 31 December 2004 , The Atlantic
had assets under management of over US$700 million.

peace independent

Chris Cheetham, the prospective global CEO of HSBC Halbis
Partners, commented: "This acquisition will significantly enhance
HSBC 's capabilities and expertise in managing global emerging markets
fixed income portfolios. The HSBC Group

HSBC Holdings plc is headquartered in the UK.

activism peace

The transaction is expected to close in the second quarter
of 2005. It is the latest addition to HSBC's fixed
income business, headed by Gregg Diliberto, and gives us a team of
well known professionals with an impressive track record.

2 .

mission justice

east activism

Research And Markets: Examine The Worldwide Telecom Market Liberalisation Status And Key Players Right Now

Links to each of the regulators is
provided.com/reports/c12762

The HSBC Group
serves over 110 million customers worldwide from over 9,800 offices in
77 countries and territories in Europe, the Asia-Pacific region, the
Americas, the Middle East and Africa.

activism grassroots

With the company's strong resources and unparalleled
commitment to emerging markets, we couldn't imagine any better partner
than HSBC.

sustainable east

Together with other specialist
businesses and HSBC Investments , HSBC Halbis Partners will form part
of HSBC's Group Investment Businesses which, at December 2004 , had
assets under management of US$224 billion.

grassroots middle

witness practices

east economies

is to acquire Atlantic Advisors LLC ('The Atlantic '), a privately
held fixed income investment management company headquartered in New
York City . HSBC Halbis Partners

HSBC is currently seeking legal and regulatory approvals to
establish HSBC Halbis Partners in the USA and other jurisdictions.

independent asia

"

Notes to editors:

1. HSBC Halbis Partners will be a
specialised fundamental active investment business, focusing on
delivering sustainable, value-added performance in selected areas
including fixed income, Asian and emerging markets equities, European
equities, and some alternative strategies. With assets of US$1,277 billion
at 31 December 2004, HSBC is one of the world's largest banking and
financial services organisations .

politically country

researchandmarkets.
As announced on 4 May 2005, and subject to receiving the necessary
legal and regulatory approvals, HSBC is establishing HSBC Halbis
Partners, a specialised investment business , into which it intends to
integrate The Atlantic in due course.

politically organization

grassroots politically

researchandmarkets.
"This acquisition also confirms and strengthens our commitment to
building HSBC Halbis Partners into a focused 'alpha ' business.

east corporate

Activism by country and by region.

witness society

The following telecom sectors are covered:

- Fixed Local

- Fixed National

- Fixed International

- Mobile

- Data

- Internet

- VoIP

The second section of the report will provide you with an
extensive list of over 1,350 of the world's main fixed, mobile and
Internet players with links to their respective web site, this on a
country per country basis."
Peter Marber, president of The Atlantic, said: "We're thrilled to
join an institution with a great global platform for our specialised
products .
Until HSBC Halbis Partners is created in the USA, it will be a trading
name of HSBC Investments (USA) Inc.

practices independent

latin east

com/reports/c12762) has announced the
addition of Telecom Market Liberalisation Status And Key Players -
World to their offering.

HSBC to Acquire Atlantic Advisors

activism americas

At December 2004 , the HSBC
Group as a whole had assets under management of US$476 billion.

economies corporate

peace activism

us independent

It will have around 200
investment professionals based in London, New York, Paris and Hong
Kong.

corporate activism

Business Editors /High-Tech Editors

DUBLIN, Ireland----This innovative
report will give telecom managers around the world an immediate
picture of the world's telecom market liberalisation status.

The contents of this report are as follows:

Executive Summary

Introduction

Africa

America

Asia

Eastern Europe

Middle East

Western Europe

World Telecom Liberalisation Status

Africa

Americas

Asia

Eastern Europe

Middle East

Western Europe

Key Telecom Players

Africa

Americas

Asia

Eastern Europe

Middle East

Western Europe

TABLE OF FIGURES

Figure 1: World Fixed Local market liberalisation map

Figure 2: World Fixed National market liberalisation map

Figure 3: World Fixed International market liberalisation map

Figure 4: World Mobile market liberalisation map

Figure 5: World Data market liberalisation map

Figure 6: World Internet market liberalisation map

Figure 7: World VoIP liberalisation map

For more information visit
http://www.

Business Editors

NEW YORK----HSBC Investments (USA)
Inc.
The Atlantic is a leading specialist manager of global emerging
markets fixed income products for some of the world's largest
corporations as well as institutional and individual investors. The
core portfolio management team of Peter Marber , Michael Gagliardi and
Denise Simon collectively have more than 50 years of experience
investing in markets in Asia, Africa, Eastern Europe, Latin America,
the Caribbean and the Middle East.