UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING
RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-08076
The Emerging Markets Telecommunications Fund, Inc.
(Exact name of registrant as specified in charter)
c/o Credit Suisse Asset Management, LLC
Eleven Madison Avenue
New York, New York 10010
(Address of principal executive offices) (Zip code)
J. Kevin Gao, Esq.
Eleven Madison Avenue
New York, New York 10010
(Name and address of agent for service)
Registrant’s telephone number, including area code: (212) 325-2000
Date of fiscal year end: 10/31
Date of reporting period: July 1, 2007 - June 30, 2008
ITEM 1. PROXY VOTING RECORD
******************************* FORM N-Px REPORT *******************************
ICA File Number: 811-08076
Reporting Period: 07/01/2007 - 06/30/2008
The Emerging Markets Telecommunications Fund, Inc.
============== THE EMERGING MARKETS TELECOMMUNICATIONS FUND, INC. ==============
AXTEL SAB DE CV
Ticker: Security ID: P0606P105
Meeting Date: AUG 31, 2007 Meeting Type: Special
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Report on Structure of Company's Capital For Did Not Management
Vote
2 Approve Stock Split for Bonus to For Did Not Management
Shareholders and Subsequent Amendment of Vote
Article 6 of Bylaws
3 Designate Inspector or Shareholder For Did Not Management
Representative(s) of Minutes of Meeting Vote
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BHARTI AIRTEL LTD(FRMLY BHARTI TELE-VENTURES LTD)
Ticker: Security ID: Y0885K108
Meeting Date: JUL 19, 2007 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and Statutory For For Management
Reports
2 Reappoint K. Hellstrom as Director For For Management
3 Reappoint N. Kumar as Director For For Management
4 Reappoint P. O'Sullivan as Director For For Management
5 Reappoint P. Prasad as Director For For Management
6 Approve S.R. Batliboi & Associates as For For Management
Auditors and Authorize Board to Fix Their
Remuneration
7 Appoint Heng Hang Song as Director For For Management
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BHARTI AIRTEL LTD(FRMLY BHARTI TELE-VENTURES LTD)
Ticker: Security ID: Y0885K108
Meeting Date: SEP 7, 2007 Meeting Type: Court
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Scheme of Arrangement of Bharti For For Management
Airtel Ltd with Bharti Infratel Ltd
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BHARTI AIRTEL LTD(FRMLY BHARTI TELE-VENTURES LTD)
Ticker: Security ID: Y0885K108
Meeting Date: OCT 24, 2007 Meeting Type: Special
Record Date: SEP 7, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1 Amend Employee Stock Option Scheme - I For For Management
Re: Fringe Benefit Tax
2 Amend Employee Stock Option Scheme - 2005 For For Management
Re: Fringe Benefit Tax
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BRASIL TELECOM PARTICIPACOES S.A. (FRM.TELE CENTRO SUL PARTICIPACOES)
Ticker: Security ID: P18430168
Meeting Date: MAR 18, 2008 Meeting Type: Annual/Special
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and Statutory For For Management
Reports for Fiscal Year Ended Dec. 31,
2007
2 Approve Allocation of Income and For For Management
Dividends
3 Elect Principle and Alternate Members of For For Management
Fiscal Council and Determine their
Remuneration
4 Approve Global Remuneration of Directors For For Management
and Executive Officers
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CHINA NETCOM GROUP CORP HONGKONG LTD
Ticker: Security ID: Y1505N100
Meeting Date: MAY 22, 2008 Meeting Type: Annual
Record Date: MAY 16, 2008
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and Statutory For For Management
Reports
2 Approve Final Dividend For For Management
3a Reelect Zhang Chunjiang as Director For For Management
3b Reelect Li Jianguo as Director For For Management
3c Reelect Zhang Xiaotie as Director For For Management
3d Reelect Cesareo Alierta Izuel as Director For For Management
3e Reelect John Lawson Thornton as Director For For Management
4 Reappoint PricewaterhouseCoopers as For For Management
Auditors and Authorize Board to Fix Their
Remuneration
5 Authorize Repurchase of Up to 10 Percent For For Management
of Issued Share Capital
6 Approve Issuance of Equity or For Against Management
Equity-Linked Securities without
Preemptive Rights
7 Authorize Reissuance of Repurchased For Against Management
Shares
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CHINA TELECOM CORPORATION LTD
Ticker: Security ID: Y1505D102
Meeting Date: AUG 7, 2007 Meeting Type: Special
Record Date: JUL 6, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Supplemental Agreement to the For For Management
Strategic Cooperation Framework Agreement
Between the Company and China
Communications Services Corporation
Limited
2 Amend Articles Re: Notice or Document For For Management
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CHINA TELECOM CORPORATION LTD
Ticker: Security ID: Y1505D102
Meeting Date: AUG 31, 2007 Meeting Type: Special
Record Date: JUL 31, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Resignation of Huang Wenlin as For For Management
Executive Director
2 Elect Zhang Chenshuang as Executive For For Management
Director
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CHINA TELECOM CORPORATION LTD
Ticker: Security ID: Y1505D102
Meeting Date: FEB 25, 2008 Meeting Type: Special
Record Date: JAN 25, 2008
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Merger Agreements For For Management
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FIRST GEN CORPORATION
Ticker: Security ID: Y2518H114
Meeting Date: NOV 7, 2007 Meeting Type: Special
Record Date: SEP 14, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1 Call to Order None None Management
2 Certification of Notice and Determination None None Management
of Quorum
3 Approve Increase in Authorized Capital For For Management
from Php 1.65 Billion to Php 3.65 Billion
Through the Creation of 200 Million
Preferred Shares of Php 10 Each
4 Amend Article 7 of the Amended Articles For For Management
of Incorporation to Reflect the Changes
in the Authorized Capital
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GLOBE TELECOM INC
Ticker: Security ID: Y27257149
Meeting Date: APR 1, 2008 Meeting Type: Annual
Record Date: FEB 19, 2008
# Proposal Mgt Rec Vote Cast Sponsor
1 Determination of Quorum None None Management
2 Approve Minutes of Previous Shareholder For For Management
Meeting
3 Approve Annual Report of Officers For For Management
4.1 Ratify Acts and Resolutions of the Board For For Management
of Directors and Management Adopted in
the Ordinary Course of Business During
the Preceding Year
5 Elect Directors For For Management
6 Approve Auditors and Authorize Board to For For Management
Fix Their Remuneration
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KT CORP (FORMERLY KOREA TELECOM CORPORATION)
Ticker: KTCNF Security ID: Y49915104
Meeting Date: FEB 29, 2008 Meeting Type: Annual
Record Date: DEC 31, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1 Elect Nam Joong-Soo as President For For Management
2 Approve Appropriation of Income and For For Management
Dividend of KRW 2,000 Per Share
3 Elect Oh Kyu-Taek as Independent For For Management
Non-Executive Director (Outside Director)
for Audit Committee
4 Elect Two Inside (Executive) Directors For For Management
and Two Outside (Independent
Non-Executive) Directors (Bundled)
5 Approve Remuneration of Executive For For Management
Directors and Independent Non-Executive
Directors
6 Approve Employment Contract for For For Management
Management
7 Amend Terms of Severance Payments for For For Management
Executives
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MAHANAGAR TELEPHONE NIGAM LTD
Ticker: MHTNF Security ID: Y5401F111
Meeting Date: SEP 28, 2007 Meeting Type: Annual
Record Date: SEP 21, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and Statutory For For Management
Reports
2 Approve Final Dividend of INR 1.00 Per For For Management
Share
3a Reappoint S. Balasubramanian as Director For For Management
3b Reappoint A.S. Bhola as Director For For Management
4 Authorize Board to Fix Remuneration of For For Management
Auditors
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ORASCOM TELECOM HOLDING
Ticker: Security ID: M7526D107
Meeting Date: FEB 24, 2008 Meeting Type: Special
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Reduction in Share Capital For Did Not Management
Vote
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PARTNER COMMUNICATIONS COMPANY LTD
Ticker: Security ID: M78465107
Meeting Date: NOV 15, 2007 Meeting Type: Annual/Special
Record Date: OCT 15, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1 Ratify Kesselman & Kesselman as Auditors For For Management
2 Approve Directors' Report Concerning For For Management
Auditors' Remuneration For Year Ended
Dec. 31, 2006
3 Accept Financial Statements and For For Management
Directors' Report For Year Ended Dec. 31,
2006
4 Reelect Canning Fok Kin-ning, Chan Ting For For Management
Yu, Susan Chow Woo Mo Fong, Uzia Galil,
Erez Gissin, Dennis Pok Man Lui, Pesach
Shachar, Amikam Shorer and Frank John
Sixt as Directors; Fix Erez Gissin's
Remuneration
5 Approve Special Retirement Bonus for For For Management
Amikam Cohen
5a Indicate Personal Interest in Proposed None Against Management
Agenda Item
6 Approve Purchase of Handsets and Other For For Management
Devices Under the Handset Supply
Agreement With H3G Procument Services
S.a.R.L
6a Indicate Personal Interest in Proposed None For Management
Agenda Item
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RELIANCE COMMUNICATIONS LTD (FORMERLY RELIANCE COMMUNICATION
Ticker: Security ID: Y72317103
Meeting Date: JUL 17, 2007 Meeting Type: Annual
Record Date: JUL 7, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and Statutory For For Management
Reports
2 Approve Dividend of INR 0.50 Per Share For For Management
3 Approve Chaturvedi & Shah and BSR & Co. For For Management
as Auditors and Authorize Board to Fix
Their Remuneration
4 Appoint A.D. Ambani as Director For For Management
5 Appoint J. Ramachandran as Director For For Management
6 Appoint S.P. Talwar as Director For For Management
7 Appoint D. Shourie as Director For For Management
8 Approve Increase in Borrowing Powers For Against Management
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SISTEMA JSFC
Ticker: Security ID: 48122U105
Meeting Date: SEP 17, 2007 Meeting Type: Special
Record Date: AUG 3, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve 1,000:1 (One Thousand New Shares For For Management
for Each Share Currently Held) Stock
Split
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SISTEMA JSFC
Ticker: Security ID: 48122U204
Meeting Date: SEP 17, 2007 Meeting Type: Special
Record Date: AUG 3, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve 1,000:1 (One Thousand New Shares For For Management
for Each Share Currently Held) Stock
Split
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SK TELECOM CO.
Ticker: SKMTF Security ID: Y4935N104
Meeting Date: MAR 14, 2008 Meeting Type: Annual
Record Date: DEC 31, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Financial Statements for 24th For For Management
Fiscal Year
2 Amend Articles of Incorporation Regarding For For Management
Addition of Preamble and Business
Objectives Expansion
3 Approve Remuneration of Executive For For Management
Directors and Independent Non-Executive
Directors
4.1 Elect Kim Shin-Bae and Park Young-Ho as For For Management
Inside (Executive) Directors (Bundled)
4.2 Elect Uhm Rak-Yong and Chung Jae-Young as For For Management
Outside (Independent Non-Executive)
Directors (Bundled)
4.3 Elect Cho Jae-Ho as Outside (Independent For For Management
Non-Executive) Director Who Will Be Also
Member of Audit Committee
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TELE NORTE LESTE PARTICIPACOES (TELEMAR)
Ticker: Security ID: P9036X117
Meeting Date: APR 4, 2008 Meeting Type: Annual/Special
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and Statutory For For Management
Reports for Fiscal Year Ended Dec. 31,
2007
2 Approve Allocation of Income and For For Management
Dividends
3 Elect Directors For For Management
4 Elect Fiscal Council Members For For Management
5 Approve Remuneration of Executive For For Management
Officers and Non-Executive Directors
6 Approve Allocation of Interest on Capital For For Management
Stock for Fiscal 2008
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TELECOM EGYPT
Ticker: Security ID: M87886103
Meeting Date: JUL 31, 2007 Meeting Type: Special
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Renew Executive Manager Term for One More For Did Not Management
Year Starting August 13, 2007 Vote
2 Modify Article Amendments 18 and 19 of For Did Not Management
the Company Bylaws of EGM Decision Held Vote
March 29, 2007
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TELECOM EGYPT
Ticker: Security ID: M87886103
Meeting Date: MAR 31, 2008 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Board's Report on Corporate For Did Not Management
Activities for Fiscal Year ending Dec. Vote
31, 2007
2 Approve Auditors' Report on Company's For Did Not Management
Financial Statements for Fiscal Year Vote
ending Dec. 31, 2007
3 Accept Financial Statements for Fiscal For Did Not Management
Year ending Dec. 31, 2007 Vote
4 Approve Allocation of Income and For Did Not Management
Dividends Vote
5 Approve Auditors and Authorize Board to For Did Not Management
Fix Their Remuneration Vote
6 Approve Changes on Board of Directors For Did Not Management
Vote
7 Approve Discharge of Board For Did Not Management
Vote
8 Extend Services of Executive Vice For Did Not Management
President Sanaa Soliman for Monitoring Vote
Outsourced Projects for One Year Starting
June 14, 2008
9 Approve Charitable Donations For Did Not Management
Vote
10 Approve Remuneration of Directors For Did Not Management
Vote
11 Approve Sale of Shares in Egynet Company For Did Not Management
and Nile On Line Company Vote
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TELEKOM MALAYSIA BERHAD
Ticker: Security ID: Y8578H118
Meeting Date: MAR 6, 2008 Meeting Type: Special
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Internal Restructuring of Telekom For For Management
Malaysia Bhd (TM) Group of Companies
2 Approve Distribution by TM of Its Entire For For Management
Holding of and Rights to TM International
Bhd (TM International) Shares Following
the Proposed Internal Restructuring to
Its Shareholders
3 Approve Listing of TM International on For For Management
the Main Board of Bursa Malaysia
Securities Bhd
4 Approve Shareholders' Mandate for the For For Management
Issuance of up to 10 Percent of TM
International's Issued and Paid-Up Share
Capital (Proposed Shareholders' Mandate)
5 Approve Issuance by TM International of For For Management
up to 30 Percent of the Number of New TM
International Shares Available Under the
Proposed Shareholders' Mandate to
Employees Provident Fund Board (EPF)
6 Approve Employees' Share Option Scheme to For Against Management
Eligible Employees and Executive
Directors of TM Group (Proposed Option
Scheme)
7 Approve Grant of Option to Abdul Wahid For Against Management
Omar, Group Chief Executive Officer, to
Subscribe for up to 2 Million TM Shares
Under the Proposed Option Scheme
8 Approve Grant of Option to Mohd Azizi For Against Management
Rosli, a Relative of a Director, to
Subscribe for up to 6,000 TM Shares Under
the Proposed Option Scheme
9 Approve Acquisition by TM International For For Management
and Indocel Holding Sdn Bhd of Equity
Interests in Sunshare Investments Ltd and
PT Excelcomindo Pratama Tbk from Khazanah
Nasional Bhd (Khazanah) for an Aggregate
Purchase Consideration of MYR 1.6 Billion
10 Approve Exemption for Khazanah from the For For Management
Obligation to Undertake a Mandatory
Take-Over Offer for the Remaining Voting
Shares of TM International Not Already
Owned by Khazanah
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TELEKOM MALAYSIA BERHAD
Ticker: Security ID: Y8578H118
Meeting Date: APR 17, 2008 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and Statutory For For Management
Reports for the Financial Year Ended Dec.
31, 2007
2 Approve Final Dividend of MYR 0.22 Per For For Management
Share for the Financial Year Ended Dec.
31, 2007
3 Elect Zalekha Hassan as Director For For Management
4 Elect Abdul Rahim Daud as Director For For Management
5 Elect Nur Jazlan Tan Sri Mohamed as For For Management
Director
6 Elect Azman Mokhtar as Director For For Management
7 Approve Remuneration of Directors in the For For Management
Amount of MYR 720,492.91 for the
Financial Year Ended Dec. 31, 2007
8 Approve PricewaterhouseCoopers as For For Management
Auditors and Authorize Board to Fix Their
Remuneration
9 Approve Issuance of Equity or For For Management
Equity-Linked Securities without
Preemptive Rights in Any Amount Up to 10
Percent of Issued Share Capital
10 Approve Implementation of Shareholders' For For Management
Mandate for Recurrent Related Party
Transactions
1 Amend Articles of Association in the Form For For Management
and Manner as Set Out in Appendix II of
the Circular to Shareholders
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TELKOM SA
Ticker: Security ID: S84197102
Meeting Date: OCT 26, 2007 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and Statutory For For Management
Reports for Year Ended 03-31-07
2.1 Reelect MJ Lamberti as Director For For Management
2.2 Reelect B du Plessis as Director For For Management
2.3 Reelect PSC Luthuli as Director For For Management
2.4 Reelect TF Mosololi as Director For Against Management
3 Ratify Ernst & Young as Auditors For For Management
4 Amend Articles of Association Re: For For Management
Electronic Communications
5 Authorize Repurchase of Up to 20 Percent For For Management
of Issued Share Capital
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TURKCELL ILETISIM HIZMETLERI A.S.
Ticker: Security ID: M8903B102
Meeting Date: SEP 21, 2007 Meeting Type: Special
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Elect Presiding Council of Meeting For Did Not Management
Vote
2 Authorize Presiding Council to Sign For Did Not Management
Minutes of Meeting Vote
3 Amend Articles Re: Corporate Purpose For Did Not Management
Vote
4 Fix Remuneration and Attendance Fees for For Did Not Management
Management Members Vote
5 Close Meeting None Did Not Management
Vote
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TURKCELL ILETISIM HIZMETLERI AS
Ticker: Security ID: M8903B102
Meeting Date: APR 25, 2008 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Open Meeting and Elect Presiding Council For Did Not Management
Vote
2 Authorize Presiding Council to Sign For Did Not Management
Minutes of Meeting Vote
3 Ratify Director Appointments For Did Not Management
Vote
4 Receive Statutory Reports None Did Not Management
Vote
5 Accept Financial Statements For Did Not Management
Vote
6 Approve Discharge of Directors and For Did Not Management
Auditors Vote
7 Appoint Internal Statutory Auditors and For Did Not Management
Approve Their Remuneration Vote
8 Approve Allocation of Income For Did Not Management
Vote
9 Receive Information on Charitable None Did Not Management
Donations Vote
10 Ratify External Auditors For Did Not Management
Vote
11 Grant Permission for Board Members to For Did Not Management
Engage in Commercial Transactions with Vote
Company and Be Involved in Companies with
Similar Corporate Purpose
12 Close Meeting None Did Not Management
Vote
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URBI DESARROLLOS URBANOS, SA DE CV
Ticker: Security ID: P9592Y103
Meeting Date: OCT 26, 2007 Meeting Type: Special
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Capital Increase in Fixed Portion For Against Management
via Issuance of Share for Public Offer
2 Amend Article 6 of Bylaws For Against Management
3 Approve Public Offering of Shares in For Against Management
Primary and Secondary Markets in Mexico
and Foreign Markets
4 Authorize Board to Ratify and Execute For Against Management
Approved Resolutions Re: Public Offering
========== END NPX REPORT
SIGNATURES
Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
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The Emerging Markets Telecommunications Fund, Inc. |
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By: |
/s/ George R. Hornig |
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George R. Hornig |
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Chief Executive Officer |
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Date: |
August 7, 2008 |
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