BUZZ-View from the buyside: Standard Life Inv bets on telecoms recovery

** Standard Life Inv (SLI) backs satellite provider SES - as one pick in a resurgent telecoms sector heated up by M&A & prospects for a more benign regulatory backdrop

** SLI's head of European equities Stan Pearson says sector should really re-rate when revenues - in decline since 2009 - stabilise & profits start rising

** Holds cable co Numericable, which bought Vivendi (Swiss: VIV.SW - news) 's telecom unit SFR; SLI reckons co can strip costs & run business more efficiently

** Has Telecom Italia ; significant segment of co's asset base is based in Brazil where telecoms industry has consolidation potential

** On SES, which sells transmission capacity to Sky (LSE: SKY.L - news) , Pearson (Xetra: 858266 - news) cites co's successful satellite launch in Dec & plans to grow its dividend by 10 pct

** Sector hampered by sluggish economy, price competition & regulatory-driven cuts to roaming charges & mobile call termination rates

** Regulatory burden easing. EU authorities been approving consolidations; M&A seen blunting competition & raising prices in some mkts

** Some good news baked in Chart: http://link.reuters.com/xup83w

** Holds Deutsche Telekom, Orange (Taiwan OTC: 4554.TWO - news) , Tele2 (Other OTC: TLTZF - news) , OTE, Swisscom & KPN (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)