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


To: Art Baeckel who wrote (21196)8/1/2000 8:01:01 AM
From: Art Baeckel  Read Replies (1) | Respond to of 22640
 
UPDATE 1-Brazil's Petrobras reports new
leak

Reuters Company News - July 31, 2000 15:43

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.

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(Adds environmental officials, paragraphs 6, 7)

RIO DE JANEIRO, July 31 (Reuters) - A Brazilian pipeline ruptured over the
weekend spilling close to 270 gallons (1,000 litres) of the toxic fuel additive
MTBE, the latest in a series of oil industry accidents this year, state oil giant
Petrobras said on Monday. MTBE, the industry acronym for methyl tertiary
butyl ether, is a toxic substance often added to gasoline to boost combustion
rates. It is known to cause cancer in animals. Residents in Paracambi, a town
about 44 miles (70 kilometres) northwest of Rio de Janeiro, complained of
nausea and a strong chemical smell on Saturday. Petrobras said it immediately
shut down the OSRIO pipeline that runs between Brazil's "steel city" of Volta
Redonda, 84 miles (135 kilometres) northwest of Rio, and Japeri, which
neighbours Paracambi. Petrobras said the company discovered a small hole in
the pipe on Sunday, and that there is only a "minimum chance" of the leak
contaminating ground water. Rio de Janeiro's state environmental secretariat
said it will fine Petrobras up to 1 million reais ($560,000) depending on the
extent of damage.

Officials are testing ground water in the area for contamination but said that
initially it appears that Petrobras contained the leak. They said the local
population is not at risk because they pipe water in from a reservoir. The latest
accident comes on the heels of a series of embarrassing oil spills by Petrobras
that have infuriated residents and environmentalists. Just two weeks earlier, an
underwater pipeline at a Petrobras refinery split, oozing 1 million gallons (4
million litres) of crude into a southern river in Brazil's biggest oil spill in 25
years. That spill was Petrobras's third oil accident this year.

Environmental authorities slapped a 50 million-real ($28 million) fine on the
state oil giant for that blunder. Petrobras said on Monday it would remove and
treat all of the contaminated soil around the spill in Paracambi and replace it
with new soil. MTBE has come in for criticism in the United States, where
some lawmakers are pushing for it to be phased out after the fuel additive was
found in ground water.



To: Art Baeckel who wrote (21196)8/1/2000 11:57:52 AM
From: Art Baeckel  Read Replies (1) | Respond to of 22640
 
Telmex Awards 100 Meuro In Equipment
Orders to Alcatel

Business Wire - August 01, 2000 11:01

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MEXICO CITY--(BUSINESS WIRE)--Aug. 1, 2000--Alcatel has received
purchase orders totaling 100 Meuro from Telmex, Mexico's largest Telecom
operator, for both fixed and mobile networks. With this contract, Alcatel will
play a significant role in Telmex's major program to upgrade its networks and
provide additional services to its customers by the end of 2000.

Under the contract, Alcatel will supply Alcatel 1000 S12 lines, trunks, PBAs,
Outside Cabinets, Containers, ISDN Basic Access (BA) and ISDN Primary
Access (PRA) for Telmex's 2000 Program. In addition, Alcatel will provide a
software maintenance program to ensure that Telmex's network is at the cutting
edge of telecom technology.

The program includes the introduction of new functions into the network,
allowing Telmex to offer ISDN, videoconference calls, tripartite conference,
call waiting, , calling line identification, malicious call identification, call
forwarding on no reply and detailed billing services to their customers. The
program also covers the maintenance and upgrade of Telmex's current network
software, and will provide repair and training services as well as technical
support.

At the end of 1999, Telmex defined its "20/20 Plan," with a particular
commitment to modernize and evolve its network towards a Next Generation
network while increasing its current capacity and national coverage. Telmex is
committed to giving, 100,000 communities access to one or more of these new
services when the Plan is completed at the end of 2000.

Telmex has achieved 20,382,540 subscribers at the end of the first semester of
the year, six months before schedule and with 1.9% more subscribers. The
figure comprises 11,495,112 fixed lines in service; 7,637,298 cellular
subscribers; 721,497 equivalent lines for data transmission and 528,633
Internet access accounts.

With this program, Alcatel maintains its leadership position as supplier of
switching equipment in the Mexican market.

About Telmex

Telmex is a world-class telecommunications company that provides total
telecommunications solutions to its clients: local and long distance wire service,
wireless communications, multimedia network for video, audio and data,
network engineering, digital wireless network access, and Internet. Based in
Mexico City, Telmex is currently positioned as the regional market leader in
Telecommunications, with a presence in Mexico, the United States, Guatemala,
Puerto Rico, and Brazil. Formerly owned by the Mexican Government,
Telmex was privatized in 1990. With the participation of Carso Global
Telecom and Southwestern Bell, Telmex is positioned to remain at the forefront
of telecommunications in the Americas.

About Alcatel

Alcatel builds next generation networks, delivering integrated end-to-end voice
and data networking solutions to established and new carriers, as well as
enterprises and consumers worldwide. With 120,000 employees and sales of
EURO 23 billion in 1999, Alcatel operates in more than 130 countries.

CONTACT: Media:
Brian Murphy, Alcatel
Tel: 972-519-6677
Brian.murphy@usa.alcatel.com
or
Industry Analysts:
Julie Buckley, Alcatel
Tel: 707-792-7820
Julie.buckley@usa.alcatel.com
or
Financial Analysts:
Peter Campbell, Alcatel
Tel: 972-519-4347
Peter.campbell@usa.alcatel.com