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Article From Article Directory Database The No Pants Subway Ride that swept western countries has inspired Chinese girls
to create a "cooler" version. During a commercial promotion at a ski resort in
Xuzhou city of East China's Jiangsu province on Tuesday, 20 models got their
legs out. [PhotoIC] A temperature of minus 4 degrees Celsius didn't stop the
girls as they posed for promotional photos.[PhotoIC] No goose pimples were to be
seen as the models bared their legs to the elements. [PhotoIC] As most of China
shivers, girls in Jiangsu prove they're not frightened of the cold.[PhotoIC] Who
needs pants? Male skiers try to prove the claim that men are more tolerant of
the cold than women.[PhotoIC] "
RIGA, Aug. 10 (Xinhua) -- Latvia is mulling over arecommendation to merge its two leading telecommunicationscompanies, Lattelecom landline operator and
Latvijas MobilaisTelefons (LMT) mobile operator, and to list the
newly-createdcompany on a stock exchange.
KPMG Baltics (KPMG) audit firm presented its recommendationsregarding the two companies at a news conference in Riga onThursday.
The authors of the KPMG report note that as a result oftechnological development, operators' revenue from conventionaltelecommunications services
like voice telephony has been droppinglately and that in Latvia this process has
been even faster thanelsewhere in Europe.
""Average revenue per user in the mobile services industry hasdeclined both across Europe and in Latvia. The process has beencaused by product bundling and
other factors, such as cuttingroaming fees,"" said KPMG consultation services
director EvijaMiezite.
Furthermore, Latvia is currently the only European country thatstill has not seen a consolidation of telecommunicationsoperators.
Upon analyzing eight possible scenarios for the twotelecommunications operators' future, KPMG advisers recommendedmerging Lattelecom and LMT as the
best solution.
The report also recommends change on the ownership structure,said Vladimirs Loginovs, the head of the Latvian PrivatizationAgency, at the news conference.
""It has been proposed to create an integrated flagshiptelecommunications enterprise that could potentially become thelargest telecommunications operator
in the Baltics with a balancedshareholder structure. An IPO might be organized
after the merger,""Loginovs said.
The Latvian government and the telecoms' other shareholder,Scandinavian company TeliaSonera, have been advised to reduce
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