Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.080

+1.4%

Nov 18 3:59 PM EST

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To: Steve Fancy who wrote (1306)	3/25/1998 2:29:00 PM
From: mbjr	Read Replies (1) of 22640

Steve, Spanish won't do.. The language of Brazil is Portuguese. Addressing your question: the article says that investors interested in buying the privatized companies complained about costs to renewing the contracts, rules about rates decreases due to productivity gains, and the mandatory insurance for the whole privatized plant. France Telecom's president quoted as saying "seems like they are putting restrictions on the lucrativity". The contracts, to be signed next month, are valid till Dec 31, 2005. Then, there's a 2% tariff of the net earnings due to the (brazilian) government.

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