Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (21046)	6/19/2000 7:04:00 PM
From: wl9839	Read Replies (1) \| Respond to of 22640

Brazil Agency Allows Fixed-Phone Prices to Rise Up to 11.9% Brasilia, June 19 (Bloomberg) -- Brazil's National Telecommunications Agency authorized the country's fixed-line phone providers to increase rates by up to 11.9 percent beginning Thursday. The agency allows companies to raise rates for residential customers by an average of 10.5 percent for local calls, by 11.92 percent for national long-distance calls and 3.74 percent for international calls, an agency spokeswoman said. The increase could help companies such as Tele Norte Leste SA or Telecommunicacoes de Sao Paulo SA offset some of the costs related to an expansion in telecommunications services and of increasing costs for the import of telecommunications equipment that became more expensive after Brazil's currency devaluation last year. Consumer prices have risen 6.5 percent in the 12 months ended May 2000. The agency allows telecommunication companies to increase their calling rates once a year. -------------------------------------------------------------------------------- ¸ Copyright 2000, Bloomberg L.P. All Rights Reserved.