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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.740

-1.3%

Dec 8 3:59 PM EST

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To: jeremy smith who wrote (1012)	2/12/1998 5:25:00 PM
From: Steve Fancy	Read Replies (4) of 22640

Jeremy, thanks for the feedback. Interesting what you found on Cardoso not having to resign. I know I've read recently in Reuters news releases that he did have to if running for office. They keep referencing things happening before he may have to resign. I noticed this statement in the "Anatel approves Telecom competition plan" story. ''It was approved with one change,'' Ciro Cardoso, a spokesman for the new sector watchdog, told Reuters. Is this a relative of the pres? I wonder of there are Cardoso's in the judicial system also. I also noted the following: During the hearing, a representative of U.S.-based MCI Communications Corp (MCIC - news); STET, a local unit of Italy's Telecom Italia; and others asked the board to make changes in the draft plan. Dosen't sound like a huge turnout. Is this group representative of primary interest in the TBR sales I wonder? Do you know if these rules affect the wireless divisions? I thought I remember a separate competition plan released a while back for them. regards sf

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