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

To: Steve Fancy who wrote (1097)	3/2/1998 12:48:00 PM
From: Steve Fancy	Respond to of 22640

Brazil shrs seen up in calm trade on rates outlook SAO PAULO, Mar 2 (Reuters) - Brazilian stocks were seen opening firm Monday on optimism the Central Bank may lower interest rates this week but trade was likely to remain calm on a scarcity of market-moving news, brokers said. biz.yahoo.com '

To: Steve Fancy who wrote (1097)	3/2/1998 1:03:00 PM
From: Steve Fancy	Respond to of 22640

Brazil panel to meet on telecoms competition plan Reuters, Monday, March 02, 1998 at 12:19 BRASILIA, March 2 (Reuters) - A panel of Brazil's National Telecommunications Agency (ANATEL) was set Monday to review a draft plan for post-privatization competition in the country's promising telecommunications sector. An ANATEL spokeswoman said the body's Advisory Council was slated to meet at 1500 local time/1300 EST to review the so-called General Concessions Plan. The draft was granted initial ANATEL approval last month and may get a second nod later today from the review board before going to the executive branch for final approval. The plan sets out the framework for competition in the sector following the sale later this year of federal holding Telebras (SAO:TEL_.P), Latin America's largest telecom and the region's most-traded stock. Among other things, the draft plan would divide Brazil into four regions to compete against a dismantled and privatized Telebras, which the government hopes to auction off in June or July. The draft also would limit concession holders to one region apiece and sets December 31, 2001 for the start of full-blown competition in Brazil's telecoms sector. Some analysts said the draft may yet face modifications after requests by some international consortia. "It is possible that the final version of the concession plan will be modified so that full competition would be introduced after a certain number of years...and not a specific date," Caspian Securities said in a recent report. "If this change is not implemented, we believe Telebras' premium upon privatization may be modestly reduced as investors fear erosion of the concession value in case of delays," it said. Copyright 1998, Reuters News Service