Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.571

-12.7%

Dec 17 3:59 PM EST

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To: Steve Fancy who wrote (956)	2/5/1998 8:37:00 PM
From: Steve Fancy	Read Replies (3) of 22640

Brazil favors turning Telebras receipts to shares Reuters, Thursday, February 05, 1998 at 17:28 BRASILIA, Feb 5 (Reuters) - Brazil's Finance Ministry said on Thursday the government favored turning contested subscription receipts in Telebras (SAO:TEL_.P) into new shares of the federal telecommunications holding company. In a statement, the ministry said the government, as the majority shareholder in Telebras, would vote in favor of the capital increase at shareholder meeting to be held soon. Copyright 1998, Reuters News Service

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