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

To: Steve Fancy who wrote (22445)	8/14/2001 1:20:31 PM
From: Steve Fancy	Respond to of 22640

Brazil's Telesp 1st Half Net BRR532 Million Versus BRR426 Million A Year Ago Dow Jones Online News, 08/14/2001 07:03 Telecomunicacoes de Sao Paulo - Sao Paulo, Brazil All figures in reals ($1=BRR2.48) 1st Half June 30: 2001 2000 Net revenue BRR4,245,000,000 BRR3,409,000,000 EBITDA -a 2,165,000,000 1,728,000,000 Oper income 878,000,000 688,000,000 Net income 532,000,000 426,000,000 a. Earnings before interest, taxes, depreciation and amortization Telecomunicacoes de Sao Paulo SA (TSP), or Telesp, provides fixed-line and data communications services in Brazil's wealthiest state, Sao Paulo. Most analysts dropped coverage of the stock after parent company Telefonica SA (TEF) held a tender offer to buy up roughly 90% the unit's free float about a year ago as part of a strategy to consolidate its international holdings along business lines. Telesp said net income, EBITDA and net revenue rose about 25% each in the first half from a year earlier. The carrier's lines in service rose to 12 million at June 30, a rise of 30% from a year earlier. During the first half, the company spent BRR2.46 billion expanding its network, about 87% more than was invested in the same period a year ago. Telesp said uncollected bills amounted to about 2.4% of revenue in the latest period, about flat from a year earlier. -By Terry Wade, Dow Jones Newswires; 5511-3145-1479; terry.wade@dowjones.com (This story was originally published by Dow Jones Newswires) Copyright (c) 2001 Dow Jones & Company, Inc. All Rights Reserved