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

To: Steve Fancy who wrote (1283)	3/23/1998 5:12:00 PM
From: Steve Fancy	Respond to of 22640

ABLE-Telebras (SAO:TEL) Jan con net 350 mln reais Reuters, Monday, March 23, 1998 at 16:59 SAO PAULO, March 23 (Reuters) - Brazilian federally-owned telecommunications firm Telebras (SAO:TEL_.P)(NYSE:TBR) on Monday issued the following statement on its January preliminary financial results. 1997 Cons net 350 mln Holding net 384 mln Operating net 631 mln Pre-tax profit 623 mln Net revs 1.472 bln Gross revs 1.971 bln

To: Steve Fancy who wrote (1283)	3/23/1998 5:16:00 PM
From: Steve Fancy	Respond to of 22640

TABLE-Telemig (SAO:TMG) Jan net 24.9 mln reais Reuters, Monday, March 23, 1998 at 17:02 SAO PAULO, March 23 (Reuters) - Brazil's Telemig (SAO:TMG_P.B), a unit of federally-owned telecommunications system Telebras (SAO:TEL_.P) serving Minas Gerais state, issued the following statement on its January preliminary financial results. Jan Net 24.994 mln Pre-tax profit 23.976 mln Operating net 23.494 mln Net revs 107.243 mln Gross revs 146.511 mln NOTE: All figures in Brazilian reais, not adjusted for inflation. No comparative data provided. fatima.santos@reuters.com)) Copyright 1998, Reuters News Service

To: Steve Fancy who wrote (1283)	3/23/1998 5:43:00 PM
From: Steve Fancy	Respond to of 22640

TABLE-Telesp (SAO:TLS) Jan cons net 93.5 mln reais Reuters, Monday, March 23, 1998 at 17:12 SAO PAULO, March 23 (Reuters) - Brazilian telecom firm Telesp (SAO:TLS_.P), a unit of federally-owned Telebras (SAO:TEL_.P) system serving Sao Paulo state, issued the following details on its January preliminary financial results. Jan 1998 Net consolidated 93.511 mln Net holding 94.434 mln Oper profit 141.378 mln Pre-tax profit 145.385 mln Net oper revs 345.521 mln Gross oper revs 459.536 mln NOTE: All figures in Brazilian reais, not adjusted for inflation. The net holding profit figure includes Telesp's earnings and proceeds from loans to other Telebras units. The net consolidated profit figure includes the earnings of Telesp unit Telefonica Borda do Campo. fatima.santos@reuters.com)) Copyright 1998, Reuters News Service

To: Steve Fancy who wrote (1283)	3/23/1998 5:52:00 PM
From: Steve Fancy	Respond to of 22640

ABLE-Telerj (SAO:TER) Jan net 4.496 mln reais Reuters, Monday, March 23, 1998 at 17:16 SAO PAULO, March 23 (Reuters) - Brazil's Telerj (SAO:TER_.P), a unit of federal telecommunications holding Telebras (NYSE:TBR) (SAO:TEL_.P) covering Rio de Janeiro state, issued the following statement on its January preliminary results. Jan 1998 Net 4.496 mln Oper Profit 8.517 mln Pre-Tax Profit 7.839 mln Net Revs 106.270 mln Gross Revs 155.316 mln Net Worth 2.866 bln NOTE: All figures in Brazilian reais and not adjusted for inflation. No comparative data provided. fatima.santos@reuters.com)) Copyright 1998, Reuters News Service

To: Steve Fancy who wrote (1283)	3/23/1998 5:57:00 PM
From: Steve Fancy	Respond to of 22640

BRAZIL CONGRESS WEEK - Reform amendment votes due Reuters, Monday, March 23, 1998 at 17:41 By William Schomberg BRASILIA, March 23 (Reuters) - Voting on amendments to the Brazilian government's social security reform bill was expected to drag on this week as whips tried to lure absent lawmakers back to the capital. The reform bill, which has been stuck in Congress for nearly three years, was approved in the lower house of Congress in a first full vote in January. It is considered key to the government's efforts to stem a deficit in the public social security system. The gap is set to pass $5 billion this year, adding to Brazil's yawning budget deficit. Before the reform can be put to a second and final vote, the lower house, or Chamber of Deputies, has to vote on several proposed changes to its text So far, votes have been taken on about 20 amendments, with at least half a dozen other proposed changes still awaiting action. Two of those amendments threaten to blunt the bite of the bill. One would scrap the introduction of minimum retirement ages, while the other would entitle civil servants to keep on claiming pensions as high as their salaries. An aide to Deputy Arnaldo Madeira said votes on those two amendments might come this week, depending on how many lawmakers whips could pack onto the floor of the lower house. The government needs a three-fifths majority to defeat the proposed changes to the reform's text. "We're calling people up, stressing the importance of the reform, how public opinion is in favor (of the bill), that kind of stuff," the aide said. Congress has been half-full since the Carnival holidays in late February. Many lawmakers are now absorbed with campaigning for October elections and prefer to stay in their home states rather than traveling to distant Brasilia. Last week, government officials had to cancel voting sessions scheduled for Thursday because of the low turnout. Despite the delays, Madeira's aide said he was confident the reform would remain intact and clear Congress in April. The government's other flagship fiscal reform -- the civil service bill -- was approved in a final vote in the Senate earlier this month. The pension reform bill has already been approved in the upper house. Both reforms will only come fully into effect once Congress has approved complementary legislation spelling out their small print. william.schomberg@reuters.com))

To: Steve Fancy who wrote (1283)	3/23/1998 6:00:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Brazil's CTBC-Telecom emerges as cellular novelty Reuters, Monday, March 23, 1998 at 16:26 By James Craig SAO PAULO, March 23 (Reuters) - In a country of monster waiting lists for cellular lines, where only the privileged know the joys of owning a mobile phone, Brazil's small CTBC-Telecom is something of a novelty. "We don't have a back-log or pent-up demand, so we have to go out and look for new markets," said Lauro Martins, head of the company's cellular business. This month, CTBC-Telecom began a new program of offering the young and the poor in their operating area in central and southeastern Brazil cellular services via a new pre-paid program. "We are the first company in Brazil to do this and are now beginning to serve low-income and poor populations," Martins told Reuters in an interview. Privately held CTBC-Telecom, which now has 100,000 mobile phone subscribers in parts of Goias, Minas Gerais and Sao Paulo states, expects to boost that by 40 percent by year's end. More than half the growth should come from its pre-paid program. "We should have 25,000 pre-paid customers by the end of 1998," Martins said. In the first 10 days, 1,200 new customers signed up for the service but the rate of new subscribers should ease as the novelty wears off, he said. "So far its been great, but probably in two or three months we'll see a reduction (in the rate)," he added. The program works like this: a customer buys cards for as little as 25 reais ($22) with credits, has CTBC activate his or her cellular handset and then make calls until the credits run out. When that happens, a subscriber must buy more cards to continue using the mobile phone. While it is designed to benefit most those who do not use mobile phones extensively, the program at least grants Brazilians who otherwise would not have access to mobile telecommunications, he said. CTBC's reality contrasts with that of federal Telebras (SAO:TEL_.P) system, which serves the overwhelming majority of Brazilians. The comparison is starkest with its subsidiaries covering Brazil's largest cities, where the waiting lists of potential cellular phone subscribers run into the millions and pent-up demand can take years to meet. For instance, Telesp Celular, the mobile phone operator spun off from Telebras' Telesp (SAO:TLS_.P), now operates some 1.1 million cellular lines but has a waiting list of more than 2.5 million potential customers The advent of private sector competition should take pressure off Telebras to fill back orders but experts estimate Brazil's massive pent-up demand could take years to satisfy. As a result, a host of major telecommunications operators from around the world are lining up to take part in the sectors privatization. The government plans by mid-year to sell off Telebras in Latin America's largest privatization ever and to offer competing wireline and cellular concessions across Brazil as part of its massive selloff of the sector. Copyright 1998, Reuters News Service