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

To: Art Baeckel who wrote (21204)	8/2/2000 8:12:13 AM
From: Art Baeckel	Read Replies (1) \| Respond to of 22640

Portugal Telecom units in B2B Mercosul venture Reuters Company News - August 02, 2000 04:41 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. Jump to first matched term LISBON, Aug 2 (Reuters) - Portugal Telecom's new economy subsidiaries PT Prime and Tradecom are launching a venture together with Brazilian and Argentine partners to offer business-to-business (B2B) and e-commerce services in Mercosul countries, the company said on Wednesday. Telecom said that its allies in the new venture were Brazil's Unibanco and Grupo Financiero Galicia and Banco Galicia from Argentina. Investment's would total $100 million, although the company gave no timeframe. Mercosul is a free trade area made up of Paraguay and Uruguay as well as Brazil and Argentina.