Tony:
As a former TBR employee, let me try to put this in
perspective.Things in Brazil are changed quite a bit,
with the stable currency.
However, cost of living is rapidly approaching
that of the U.S. (It actually surpasses it in places like
Sao Paulo and Rio). Thus the wage figures.
Well, that is good news for the average TBR holder like
myself, since it brings telecom goodies within the reach of
many middle-class brazilians. Given the supressed demand, this
means a tremendous potentail for the telecoms. BTW, after the
split, I would bet on Telesp (Sao Paulo), Telerj(Rio), TeleMig,
and possibly Telepar as candidates to hold.
regards
Mauricio
"I don't know what the average salary is in the US, but this is
approximately Can$36,800 which is only a couple thousand off
the average Canadian income, and I bet they pay much less in taxes
than we do and their cost of living is less. So the average TBR
employee is probably better off financially than the average
Canadian...not bad for a developing country.. |
