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

To: Steve Fancy who wrote (21130)	7/17/2000 10:00:37 PM
From: md1derful	Read Replies (3) \| Respond to of 22640

sf: What would tbh be trading at today if the two other babies were still there...or to put it another way..what % of tbh was erased by the tef buyout of the other two babies....I guess I'm trying to figure out what tbh is trading at in terms of the original babies...say, where's Warren these days...boy tbh has been acting great and very little activity on this board...did ya get into idtc...I already have a very nice profit on the Aug 35's ...see ya doc

To: Steve Fancy who wrote (21130)	7/17/2000 11:23:05 PM
From: wl9839	Read Replies (1) \| Respond to of 22640

Brazil Court Suspends Sale Of CRT To Brasil Telecom Dow Jones Newswires SAO PAULO -- A Brazilian federal court late Friday ruled to suspend the Telefonica's sale of regional wireline phone carrier Companhia Riograndense de Telecomunicacoes (E.CRT) to local Brasil Telecom (TCS), the government of Brazil's southernmost state of Rio Grande do Sul said late Monday. The ruling follows a restraining order request filed Friday by the Rio Grande do Sul government. Friday, Spain's Telefonica SA (TEF) came to terms with Brasil Telecom for the sale of a controlling stake in CRT for $800 million. The deal still needs approval from the boards of Brasil Telecom and Tele Brasil Sul, a group led by Telefonica that controls CRT. Telefonica was required to divest CRT on an antitrust ruling by Brazilian regulators. The court decision is premilinary and the companies may appeal. In a statement, the state government of Rio Grande do Sul said it seeks to anull an article in an administrative act that allows telecommunications regulator Anatel to end its intervention in CRT at any moment, even before the sale of the company to Brasil Telecom is materialized. As Telefonica failed to meet the divestiture deadline last month, Anatel took control of CRT until the sale is finalized. The Rio Grande do Sul request is of a precautionary nature since Anatel is still controlling CRT. -By Adriana Arai, Dow Jones Newswires; (55-11) 813-1988; adriana.arai@dowjones.com