Sify Technologies (SIFY) had the lowest return in December 2001 by a US stock in the Telecommunication Services Industry Group, returning -25.1%.

ASSET	MONTH	% RETURN
Sify Technologies (SIFY)	December 2001	-25.12%
KT (KT)	December 2001	-8.55%
Telus (TU)	December 2001	-6.17%
SK Telecom Co Ltd ADR (SKM)	December 2001	-3.57%
Lumen Technologies (LUMN)	December 2001	-3.39%
Millicom International Cellular (TIGO)	December 2001	0%
Telephone and Data Systems (TDS)	December 2001	0.15%
Vodafone Group PLC ADR (VOD)	December 2001	0.27%
Verizon Communications (VZ)	December 2001	0.77%
BCE (BCE)	December 2001	0.86%
ATN International (ATNI)	December 2001	1.45%
United States Cellular (USM)	December 2001	2.14%
Array Digital Infrastructure (AD)	December 2001	2.14%
Telefonica SA ADR (TEF)	December 2001	2.51%
Shenandoah Telecommunications (SHEN)	December 2001	3.15%
AT&T (T)	December 2001	4.17%
PLDT Inc ADR (PHI)	December 2001	4.96%
Telecom Argentina SA ADR (TEO)	December 2001	5.16%
Rogers Communications (RCI)	December 2001	7.28%
Telkom Indonesia (Persero) Tbk PT ADR Rep 100 B (TLK)	December 2001	10.06%
America Movil SAB de CV ADR (AMX)	December 2001	12.72%
TIM Participacoes (TIMB)	December 2001	16.08%
Telefonica Brasil SA ADR (VIV)	December 2001	20.65%
Turkcell Iletisim Hizmetleri AS (TKC)	December 2001	32.45%
IDT (IDT)	December 2001	39%