Right, I'm in the following situation. I'm rebalancing my portfolio and the main idea is to shift focus from Europe into North America. One of the shares I'm ditching, or at least reducing my holdings in, is a telecommunications company. I still want to have a bit of this industry, so I'm looking for a North American alternative. Preferably one of the major players and has to have some sort of a decent dividend payout policy. AT&T is the first that comes to mind. Verizon also seems to be around the same valuation of P/E 10. Then I've been looking a bit more north and both Bell Canada and Rogers Communications seem interesting. I'll obviously dig deeper into all of the above before I make my choice(s) but any opinion about the companies mentioned above, or any other suggestions from the same industry, are more than welcome.