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

To: Z Analyzer who wrote (22470)	9/5/2001 9:28:15 AM
From: md1derful	Respond to of 22640

Z: Figuring in the our tef shares, I think we are still above the "deval" lows of a few years ago...but we're heading there fast with no relief in sight!!! I"m still hangin' on to it all doc

To: Z Analyzer who wrote (22470)	9/9/2001 1:49:43 PM
From: Steve Fancy	Respond to of 22640

Brazil Phone Price War Over, Embratel Raises Rates Dow Jones Online News, 09/08/2001 11:09 RIO DE JANEIRO AP)--Brazilians enthusiastic about a promotion of super-low phone rates will have to rein in their calls abroad again as the country's biggest long-distance telecoms provider, Embratel, steeply raised prices again. In a small print statement in the economics section of local newspapers the company on Saturday announced a new "promotional" pre-tax rate of 0.87 reals ($1=BRR2.584) a minute to the U.S. and BRR1.50 to many European Union countries, such as the U.K. or Germany, and Japan. The new rates valid from Sept. 10 on bury a short-lived price war in August and early September with the only other international calls provider, Intelig, during which Embratel had slashed rates to BRR0.07 a minute to all of those countries and Intelig to BRR0.06 a minute. If customers don't want to join a special program signing up to only use Embratel for calls abroad, rates are even higher. They already now reach BRR1.81 a minute to E.U. countries, for which the earlier bargain-basement rate has already ended Sept. 2. Intelig charges BRR1.75 to those countries. "High international phone rates harm Brazilian businesses," said Pedro Villani, a telecoms analyst at ABN Amro Asset Management in Sao Paulo. On top, customers in most Brazilian states have to pay about 40% tax on the long-distance calls. When the August price war started, phone companies had said the basement rates were part of a strategy to fight "illegal competition" from services that channel phone calls through the U.S. telecommunications system and charge Brazilian customers U.S. phone rates, which so far have been considerably lower than Brazilian rates. Brazil's telecommunication regulator, Anatel, said it will open Brazil's overseas long-distance phone market to more competitors next year. "With the opening of the market, we expect a lasting, strong fall in rates," Villani said. (This story was originally published by Dow Jones Newswires) Copyright (c) 2001 Dow Jones & Company, Inc. All Rights Reserved

To: Z Analyzer who wrote (22470)	9/9/2001 1:57:23 PM
From: Steve Fancy	Read Replies (2) \| Respond to of 22640

Z, in the time I have followed it has not been a frequent occurence when the Brazilian Telecoms go up in the face of turmoil elsewhere. Some of these stocks may be due for a sharp bounce as things stabilize though I have a hard time fighting off the feeling that US markets could go much lower yet. Z, for financial have you tried the WSJ briefing books, marketguide, or you should be able to get them right from the horses month if you can fish through the Portuguese... telemar.com.br Best regards, Steve