Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.690

-0.3%

3:59 PM EST

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To: Steve Fancy who wrote (1023)	2/13/1998 1:11:00 PM
From: Steve Fancy	of 22640

PRESS DIGEST - Brazil - Feb 13 RIO DE JANEIRO, Feb 13 (Reuters) - These are the highlights of the main Sao Paulo and Rio de Janeiro newspapers this morning. -- BNDES PROFITS FROM TELEBRAS OPTIONS The investment arm of Brazil's National Development Bank, BNDESPar, earned 18 million reais by buying back 80 percent of the 2.5 billion ''put'' options, or rights to sell, in Telebras shares it launched last September. biz.yahoo.com

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