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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.372-8.1%Feb 5 3:57 PM EST

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To: Steve Fancy who wrote (6116)7/30/1998 5:34:00 PM
From: EPS  Read Replies (1) of 22640
 
Probably already in the archive but here it goes again..

Telebr s: See Brazil's telecommunications new owners

Sao Paulo, 30 - The privatization of the Telebr s System "could not have been better",
according to the government. The company's R$22bn sale represented the world's 2nd
largest privatization, obtaining a premium of 63.74% over its minimum price, see related
story. Foreign capital was responsible for the acquisition of some 32% of Brazilian fixed
telephony and for 79% of the country's cellular telephony. See below the new owners
of the Brazilian telecommunications system.

Telebr s System
Company Price(R$m)/Premium(%) New Owner
Fixed line
Telesp..................5,783/226.18%..Telef¢nica Espana
Tele Centro Sul.........2,070/6.15%....Banco Opportunity
Tele Norte Leste........3,43/1%........Andrade Gutierrez
Embratel................2,65/47.22%....MCIaran  and Santa Catarina
Cellular
Telesp Celular..........3,588/226.18%..Portugal Telecom
Tele Sudeste Celular....1,36/138.6%....Telef¢nica de Espana
Telemig Celular.........756/228.7%.....Telesystem International
Tele Celular Sul........700/240%.......Globo, Bradesco and Telecom Italia
Tele Nordeste Celular...660/193.33%....Globo, Bradesco and Telecom Italia
Tele Leste Celular......428.82/242.4%..Iberdrola
Tele Centro Oeste.......440/91.3%......Splice do Brasil
Tele Norte Celular......188/108.8%.....Telesystem International

(By Paulo Monteiro)
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