Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.470

-9.2%

Dec 30 3:58 PM EST

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To: Steve Fancy who wrote (613)	12/29/1997 5:47:00 PM
From: Steve Fancy	Read Replies (1) of 22640

Brazil to pick advisers on Telebras sale by Feb RIO DE JANEIRO, Dec 29 (Reuters) - Brazil's National Development Bank (BNDES) said it expected to select advisers on the privatization of the (TEL_p.SA)(NYSE:TBR - news) telecommunications system by mid-February. biz.yahoo.com Comment: Is this a delay? I thought the remaining details were dependent on these advisers, and these details were to be released in January. Maybe somehow these functions are independant of each other, but I may have been confused as to when the remaining details are to be released.

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