Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Steve Fancy who wrote (1306)	3/25/1998 1:05:00 PM
From: DMaA	Read Replies (2) \| Respond to of 22640

In a pinch, you can use a translator like: babelfish.altavista.digital.com Very crude but as I say, in pinch you can get the gist of text.

To: Steve Fancy who wrote (1306)	3/25/1998 2:08:00 PM
From: Steve Fancy	Respond to of 22640

Tess group wins key Brazil cellphone ruling -court Reuters, Wednesday, March 25, 1998 at 13:58 BRASILIA, March 25 (Reuters) - A Brazilian high court on Wednesday ruled in favor of an appeal by a group with Sweden's Telia, upholding its winning bid for a coveted mobile phone concession in Sao Paulo state, a court spokeswoman said. "The Superior Court of Justice (STJ) ruled 6-1 in favor of the Tess group's appeal," said a spokeswoman for the STJ. The ruling clears the way for the government to proceed with its privatization of Brazil's promising cellular sector which has been on hold since September pending the case's outcome. The government was not expected to appeal the court's decision, but move as quickly as possible to complete the granting of licenses to operate cellular services on Brazil's B Band frequency. Tess, which includes Telia as operating partner, last year placed the highest bid -- 1.326 billion reais ($1.2 billion) -- for a license for B Band concession area No. 2 covering non-metropolitan Sao Paulo state. But the government disqualified its proposal on technicalities, such as misplaced periods and the use of a non-official translator. Sources said Tess and the government may sign the area 2 contract later today. james.craig@reuters.com)) Copyright 1998, Reuters News Service

To: Steve Fancy who wrote (1306)	3/25/1998 2:29:00 PM
From: mbjr	Read Replies (1) \| Respond to of 22640

Steve, Spanish won't do.. The language of Brazil is Portuguese. Addressing your question: the article says that investors interested in buying the privatized companies complained about costs to renewing the contracts, rules about rates decreases due to productivity gains, and the mandatory insurance for the whole privatized plant. France Telecom's president quoted as saying "seems like they are putting restrictions on the lucrativity". The contracts, to be signed next month, are valid till Dec 31, 2005. Then, there's a 2% tariff of the net earnings due to the (brazilian) government.