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

To: wl9839 who wrote (21152)	7/25/2000 11:30:34 AM
From: Art Baeckel	Read Replies (1) \| Respond to of 22640

Spain's Terra Mobile in agreement with Phone.com Reuters Company News - July 25, 2000 09:18 Copyright 2000 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. MADRID, July 25 (Reuters) - Terra Mobile, part of Spanish telecoms group Telefonica , has agreed to develop Internet technology and services for mobile telephony with U.S. software and applications company Phone.com Inc . Terra Mobile -- a joint-venture involving Internet unit Terra Networks and Telefonica's mobile arm -- was seeking partnerships to develop a wireless Internet portal and manage Telefonica services worldwide. Terra Mobile announced earlier on Tuesday that it had spent 230 million euros ($216.6 million) to buy 100 percent of Iobox Oy -- a Finnish content provider with one million registered users in Britain, Finland, Sweden and Germany.

To: wl9839 who wrote (21152)	7/25/2000 1:37:04 PM
From: Steve Fancy	Respond to of 22640

Brazil's Embratel -3: Surge In Data Communication Revenue Dow Jones Online News, 07/25/2000 11:18 SAO PAULO -(Dow Jones)- Brazilian telecommunications group Embratel Participacoes SA (EMT) on Tuesday announced a 60% rise in net income in the second quarter of 2000, citing a sharp increase in data communication service revenues. The company, which is controlled by MCI-Worldcom Inc. (WCOM), posted a consolidated net profit of 123.5 million reals ($1=BRR1.80) in the second quarter of this year, up from BRR77.5 million in the like period of 1999. The earnings corresponded to BRR0.37 per thousand shares, versus BRR0.23 in the year-earlier period. Data revenues surged 65% in the second quarter of 2000, totaling BRR473.2 million and accounting for around 22% of Embratel's total revenues in the period. In the second quarter of 1999, data service represented 18% of total sales, the company said in a written statement. Embratel noted that Internet revenues more than doubled in the second quarter of 2000 in a year-earlier comparison as a result of growth in the Internet Service Provider business - in particular demand from ISPs offering free service - and access for business customers. Domestic long-distance phone service continued to represent the bulk of Embratel's revenues in the second quarter of the year, though the segment's share of overall business declined to 58% from 64% in the year-on-year comparison. Domestic long-distance revenues totaled BRR1.22 billion in the April-June period in 2000, up 21% from the same period last year, which Embratel attributed to line and traffic growth, the company's entry into the intra-state segment and fixed-to-cellular revenues which the company started to receive in July 1999. International long-distance revenues jumped 60% in the second quarter, to BRR362.4 million, in large part because of a higher rate for the state-levied ICMS value-added tax. Embratel posted a cumulative first-half net income of BRR273.5 million, up from BRR8.9 million in the first six months of 1999. Just before midday Tuesday at the Sao Paulo Stock Exchange, Embratel preferred shares were up 0.5% at BRR40.10, while the main Bovespa stock index was off 0.6%. -By Stephen Wisnefski, Dow Jones Newswires; (5511) 813-1988; stephen.wisnefski@dowjones.com (This story was originally published by Dow Jones Newswires) Copyright (c) 2000 Dow Jones & Company, Inc. All Rights Reserved