There is no doubt the telecom carrier industry is, at best, volatile and, at worst, doomed given the competitive landscape these days. Earlier this week, I put together a lengthy feature on the telecom investment landscape in North America and Europe. In North America, the two stars are Telus and Rogers, which continue to reap the benefits of a strong presence in the growing wireless market. In Europe, the investment action appears to be two-fold: acquisitions and carriers such as Norway's Telenor with exposure to emerging markets in Eastern Europe and the Middle East. The insight into Europe was provided by Daiwa Securities analyst James Enck, who also writes Eurotelcoblog. To read my feature in the National Post (good fodder for a coffee break), click here.