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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.568-4.9%12:27 PM EST

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To: Steve Fancy who wrote (9368)11/3/1998 11:06:00 PM
From: Steve Fancy  Read Replies (1) of 22640
 
SEC OKs 11 Telebras (NYSE:TBR) spin-offs for NYSE

Reuters, Tuesday, November 03, 1998 at 20:56

The 11 companies include eight cellular companies, Telesp
Celular (SAO:TSPP4), Tele Sudeste Celular (SAO:TSEP4), Tele Sul
Celular (SAO:TCSL4), Telemig Celular (SAO:TMCP4), Tele Leste
Celular (SAO:TLCP4), Tele Centro Oeste Celular (SAO:TCOC4), Tele
Nordeste Celular (SAO:TNNEP4) and Tele Norte Celular (SAO:TNCP4).
The spin-offs also include three fixed-line companies,
Telesp Participacoes (SAO:TSPP4), Tele Centro Sul Participacoes
(SAO:TCSP4), and Tele Norte Leste Participacoes (SAO:TNLP4).
Embratel is Brazil's international and domestic
long-distance company.
washington.equities.newsroom@reuters.com))

Copyright 1998, Reuters News Service
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