The International Telecommunication Union (ITU) is an international organization established to standardize and regulate international radio and telecommunications. It was founded as the International Telegraph Union in Paris in May 17, 1865, and is today the world's oldest international organization. Its main tasks include standardization, allocation of the radio spectrum, and organizing interconnection arrangements between different countries to allow international phone calls. (In which regard it performs for telecommunications a similar function to what the UPU performs for postal services.) It is one of the specialized agencies of the United Nations.
See also:
ITU-T Telecommunications Sector
ITU-R Radiocommunications Sector
ITU-D Development Sector
Meetings
The ITU decides matters between states through an extensive series of working parties, study groups, regional meetings, and world meetings.
ITU history from the official site (http://www.itu.int/aboutitu/overview/history.html)
U.N. Summit to Focus on Internet (http://www.washingtonpost.com/ac2/wp-dyn/A36852-2003Dec4?language=printer) - Washington Post article about ICANN and the United Nations' ITU relationship
A UIT typically issues redeemable securities (or "units"), like a mutual fund, which means that the UIT will buy back an investorÂ’s "units," at the investorÂ’s request, at their approximate net asset value (or NAV).
A UIT does not have a board of directors, corporate officers, or an investment adviser to render advice during the life of the trust.
UITs are regulated primarily under the Investment Company Act of 1940 and the rules adopted under that Act, in particular Section 4 and Section 26.
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