Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.435

+8.7%

Jan 2 9:30 AM EST

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To: DMaA who wrote (720)	1/14/1998 1:29:00 PM
From: Steve Fancy	of 22640

-- TELEBRAS MAY BE WORTH $63.7 BILLION, REPORT SAYS PRESS DIGEST - Brazil - Jan 14 A report by German investment bank Deutsche Morgan Grenfell said Brazil's soon-to-be-privatized federal Telebras system is worth $63.7 billion and bank analysts have set a conservative market price of $180 per 1,000 local shares. -- BRAZIL BANKS PROFITING MORE FROM SERVICES Economic stability is changing the landscape of Brazil's banking sector. Financial receipts are losing importance in banks' revenues as receipts from services are rising. -- Reuters has not verified the stories and cannot vouch for their accuracy. biz.yahoo.com

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