Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.160

-3.3%

Oct 31 9:30 AM EST

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To: Art Baeckel who wrote (22569)	5/28/2002 10:55:02 AM
From: Art Baeckel	Read Replies (1) of 22640

5/28/2002 Dow Jones News Services (Copyright © 2002 Dow Jones & Company, Inc.) SAO PAULO (Dow Jones)--Brazil's development bank, BNDES, wants the nation's biggest telecommunications group, Tele Norte Leste Participacoes SA (TNE), to list on equity platform Novo Mercado, Valor Economico reported Tuesday. The move would help lift Telemar's valuation. BNDES holds 25% of voting capital in Telemar, the paper reported. Such a listing on modern-styled Novo Mercado improves investor rights in areas such as tag-along rights, transparency and accounting. BNDES wasn't immediately available for comment. Newspaper Web site: www.valor.com.br ART

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