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: Art Baeckel who wrote (21248)	8/7/2000 8:12:52 AM
From: Art Baeckel	Respond to of 22640

Brasil Telecom SA shares to be split 1 per 39 Reuters Company News - August 04, 2000 19:10 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 SAO PAULO, Aug 4 (Reuters) - The parent company of Brazil's regional fixed-line phone operator Brasil Telecom SA on Friday approved a 1-per-39 share split in the unit in order to cut the value of the paper. Telecommunications holding Brasil Telecom Participacoes said in a statement its decision still had to be confirmed by shareholders in the controlled unit Brasil Telecom SA. The shares to be split up ended Friday, 2 percent higher at 723.1 reais on the Sao Paulo Stock Exchange. Brasil Telecom Participacoes edged up 0.4 percent to 27 reais. Market sources said the market had also been expecting an announcement of an American Depositary Receipts programme for the BT SA, but it never materialised on Friday. Brasil Telecom Participacoes is owned by Telecom Italia and Brazilian financial group Opportunity. ($1=1.79 reais)