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

To: Steve Fancy who wrote (618)	12/30/1997 3:59:00 PM
From: DMaA	Read Replies (1) \| Respond to of 22640

More on picking an advisor: Brazil Telebras Privatization Attracts Four Consortia AP-Dow Jones News Service RIO DE JANEIRO -- Four consortia are vying to devise the sale model and conduct the privatization of Brazil's state-run telecommunications monopoly Telecomunicacoes Brasileiras SA (TBR), known as Telebras. In a press release, Brazil's National Development Bank, or BNDES, said the groups interested in providing the so-called 'servico B' and that presented Monday proposals to the institution were: * Nova Telebras: Banco de Investimentos Garantia SA (leader), Banco JP Morgan SA; JP Morgan Securities Inc.; Goldman, Sachs & Co. * Telebrasil 2000: Banco FonteCindam SA (leader); Kleinwort Benson Limited; Lehman Brothers Inc.; Motta Fernandes Rochas e Associados - Advogados; Deutsche Bank SA - Banco Alemao; Morgan Grenfell & Co. Limited; Planconsult S/C Ltda. * Brasilcom: Salomon Brothers Inc. (leader); Morgan Stanley & Co. Inc. * Telebrasil: NM Rothschild & Sons Ltd.; Merrill Lynch & Co.; Pierce Fenner & Smith Inc.; Credit Suisse First Boston Corporation; ABN Amro Bank NV; Banco Graphus SA; Metal Data Engenharia e Representacoes Ltda (leader). The winning group will make an economic and financial evaluation of the Telebras system, devise a sale model and conduct the restructuring of Telebras. That restructuring includes bundling state operators to form three regional companies and splitting up the cellular business from the conventional telephone service. BNDES is expected to choose a consortium in late January 1998. The government has said it expects to privatize Telebras by mid-1998. -By Geraldo Samor; 55-21-580-9394 Merrill Lynch, Pierce, Fenner & Smith Inc., a securities options contracts and futures contracts broker subsidiary of Merrill Lynch & Co., is part of the Telebrasil consortium, which is vying to devise Brazil's Telebras sale model.