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

To: Steve Fancy who wrote (1233)	3/17/1998 11:16:00 PM
From: Steve Fancy	Respond to of 22640

Brazil stocks close up strongly on 2nd-tier rally SAO PAULO, March 17 (Reuters) - Brazilian shares closed sharply higher Tuesday, shrugging off early weakness on Wall Street to rally mostly on second-tier stocks, including units of federal holding Telebras (TEL_p.SA), brokers said. biz.yahoo.com

To: Steve Fancy who wrote (1233)	3/17/1998 11:27:00 PM
From: Steve Fancy	Respond to of 22640

Fires advance into rainforest in Brazil's Amazon (adds federal government comments) By Joelle Diderich BOA VISTA, Brazil, March 17 (Reuters) - Poorly equipped firefighters and villagers with sticks and blankets were all that stood between an advancing wall of fire and Brazil's pristine Amazon rainforest on Tuesday. Raging fires fanned by winds have burned an area the size of Lebanon in the savannah highlands of the northern state of Roraima over the past two months. Now the rainforest is burning, despite efforts to check the flames. biz.yahoo.com

To: Steve Fancy who wrote (1233)	3/17/1998 11:29:00 PM
From: Steve Fancy	Respond to of 22640

Minister signs Brazil's telecom concessions plan Reuters, Tuesday, March 17, 1998 at 21:25 BRASILIA, March 17 (Reuters) - Brazil's Communications Minister Sergio Motta has approved a concessions plan which spells out how the telecommunications sector will be run after the privatization of Telebras (SAO:TEL_.P), a spokesman said. The plan was sent Tuesday to President Fernando Henrique Cardoso for his approval, the ministry spokesman said. Cardoso was due to sign a decree establishing the terms of the plan at a future date, he said. Approval of the plan is a key step in preparations for the sale of Telebras which is set to become the biggest privatization in Latin American history. The government hopes to put the company on the block by July. Motta's spokesman also said the minister suggested that the process of registering investors interested in bidding for Telebras might begin later this month. Motta said last week he expected the prequalification phase to begin in April. william.schomberg@reuters.com)) Copyright 1998, Reuters News Service