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

To: Steve Fancy who wrote (1132)	3/6/1998 4:15:00 PM
From: DMaA	Respond to of 22640

You're weird. Most of us look forward to Friday.

To: Steve Fancy who wrote (1132)	3/6/1998 7:58:00 PM
From: Steve Fancy	Respond to of 22640

EMERGING MARKETS-Brazil rate cuts seen sustainable By Diane Craft LONDON, March 6 (Reuters) - The Brazilian Central Bank's move to relax monetary policy earlier this week is sustainable despite renewed jitters about Asia, emerging market analysts in London said on Friday. ''Concerns about the currency are disappearing and inflation is very low...so I am expecting rates to be managed gradually down,'' said Jerome Booth, head of emerging markets at ANZ Investment in London. biz.yahoo.com

To: Steve Fancy who wrote (1132)	3/6/1998 8:05:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Brazil shrs close up on rates glee, Wall St rally SAO PAULO, March 6 (Reuters) - Brazilian stocks closed sharply higher Friday boosted by Wall Street's bullishness and this week's steep cut in domestic interest rates, brokers said. Brokers said the short-term outlook for Brazilian stocks was good. Prices were expected to reach their pre-Asian crisis levels by the end of the month. Markets across the region plummeted last October and November after Asian markets melted dow. biz.yahoo.com

To: Steve Fancy who wrote (1132)	3/6/1998 8:06:00 PM
From: Steve Fancy	Respond to of 22640

Hmmm...pre Asian crisis levels by end of the month...I think TBR was at 145 just before it fell...couldn't be, could it? sf

To: Steve Fancy who wrote (1132)	3/6/1998 8:09:00 PM
From: Steve Fancy	Respond to of 22640

Brazil party split over Cardoso's re-election bid By William Schomberg BRASILIA, March 6 (Reuters) - The re-election plans of Brazilian President Fernando Henrique Cardoso face a test on Sunday when a key political party will decide whether to back him in this year's presidential race or field a rival candidate. biz.yahoo.com

To: Steve Fancy who wrote (1132)	3/6/1998 8:12:00 PM
From: Steve Fancy	Read Replies (2) \| Respond to of 22640

Brazil's Telesp Celular opens digital line tender Reuters, Thursday, March 05, 1998 at 19:35 SAO PAULO, March 5 (Reuters) - The cellular phone spin-off of Brazil's federally-owned Telesp (SAO:TLS_.P) on Thursday began taking bids from companies vying to install one million new digital lines in Sao Paulo, officials said. A spokesman for newly formed Telesp Celular SA said the tender was open and competing bidders have until March 12 to turn in their proposals. The winner of the contract to install the lines will be announced 60 days later, he said. Created last month out of Telesp's cellular services, Telesp Celular operates more than 1.1 million analog cellular terminals in Sao Paulo and plans to add another 150,000 analog lines by mid-1988. The splitting of cellular services from Telesp and other operating units of the federal Telebras (SAO:TEL_.P) system is part of the government's plan for privatizing Brazil's telecom sector, the largest in Latin America. ***************************************************************** Pent-up demand for cellphones in Sao Paulo is huge, with some 2.6 million on Telesp's waiting list that could take years to whittle down, officials said. ****************************************************************** A Telesp Celular official last week said that the company hopes to have 200,000 of the new digital terminals installed between October and December, with the remaining 800,000 installed in 1999. But the spokesman said Thursday that Telesp Celular had not decided yet when new digital line installations would begin. "We had first scheduled the installation for June or July 1998, but the bidding process was suspended when Ericsson filed a lawsuit against Telesp", the spokesman said. Ericsson Telecomunicacoes SA (SAO:ERI_.P), a unit of Sweden's Telefon AB LM Ericsson (SWED:LME.B), filed a lawsuit in November alleging that Telesp's bid specifications favored other competitors. Telesp halted the bidding process, altered the bid specifications and published them again, delaying the process, he said. Copyright 1998, Reuters News Service