India’s Bharti Airtel, China Mobile and PT Telekomunikasi Indonesia are UBS’s top three telecom investment picks in Asia for 2008, as their home markets enjoy strong growth rates. “Growth features such as rising consumption, elasticity of demand and economies of scale will continue to be the main themes for the growth markets, including China, India and Indonesia, which are still under-appreciated by investors, in our view,” UBS said in a report. India and China, the world’s fastest-growing mobile markets, added around 8 million mobile phone subscribers in October, taking their user base to approximately 217 million and 531 million, respectively. Read the full story in Forbes.com