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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.570-4.5%Dec 26 9:30 AM EST

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To: Steve Fancy who wrote (709)1/13/1998 5:37:00 PM
From: DMaA  Read Replies (1) of 22640
 
Folks with weak stomachs shouldn't watch 'em make sausages or laws.

Here's another article about deadlines:

Brazil Motta Back At Office; Sees Ministry To End July 1998

AP-Dow Jones News Service

BRASILIA -- Communications Minister Sergio Motta returned to his regular work at the ministry Monday after a 45-day absence because of respiratory problems, a ministry spokesman confirmed Monday.

Motta is the key figure in the massive privatization of Brazil's giant telecommunications sector, which according to the minister, will generate investments of up to $80 billion.

Francisco Mendonca, press secretary at the ministry, confirmed comments made by Motta Sunday to the newspaper Estado de S. Paulo, that the ministry will virtually cease to exist as from July when the privatization of the sector is scheduled to be complete.

'Virtually all functions of the ministry will have been transferred to the National Telecommunications Agency, (or Anatel), the watchdog body that will oversee the privatized sector,' Mendonca says.

He confirmed that before the end of the first half of 1998 the Brazilian Postal Services, (Empresa de Correios e Telegrafos, or ECT), will also be transferred to the agency, which will then become the National Communications Agency, or Anacom.

'Consequently the Communications Ministry will be reduced to a staff of no more than 50 and will limit itself to executing broad communications policy matters,' Mendonca said.

In his interview with Estado de S. Paulo, Motta said that the sales documents for the auction of Sistema Telebras, or Telecomunicacoes Brasileiras SA (TBR), will be published by the end of April.
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