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17:46 Feb 21, 2005
English to English translations [PRO] Bus/Financial - Telecom(munications)
English term or phrase:downturn
The comments by Kurt Hellström, chief executive of the Swedish group, extended the gloom that has engulfed the telecoms industry in the past 18 months. The company's shares hit their lowest level since September 1996 ahead of a meeting to ask shareholders for SKr30bn ($3.1bn) - equivalent to about 18 per cent of its current market value - to see it through the downturn.