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 (1347)	3/30/1998 7:49:00 AM
From: Mayer Tchelebon	Read Replies (1) \| Respond to of 22640

From Brazil Financial Wire (Friday): Telecoms' auctions scheduled to begin next April 10 Denver, 27 - Telecommunications minister, S‚rgio Motta, confirmed yesterday that Brazilian telecoms' privatization auctions should begin next April 10, when the envelops containing international groups' bids will be open. He also informed that concession contracts had already been readied, including that of Embratel, in which case, Motta has given up the idea of establishing the so-called "golden share system" and has opted for including clauses establishing clear-cut rules limiting the powers of its new owner. "I copied the US privatization model utilized by the Federal Communications Commission (FCC), that limits the powers of foreign controllers of US telecoms", Motta explained. "This privatization model allows the government to impede any international group to transfer the core of the country's telecommunications abroad," he concluded. (By Leda Beck)

To: Steve Fancy who wrote (1347)	3/30/1998 1:46:00 PM
From: Steve Fancy	Respond to of 22640

Brazil shrs seen weak at open, hit by foreign mkts SAO PAULO, March 30 (Reuters) - Brazil shares could weaken at Monday's open, weighed down by overnight drops in Asian stock markets and an expected softer start on Wall Street, traders said. <snip> Despite Monday's projected weak start, analysts said share prices could take a boost from the opening of bids for a concession to operate Band B cellular services in Rio de Janeiro and Espirito Santo states, scheduled for Tuesday. Market observers expect consortia to present high price bids when the envelopes containing the proposals for the so-called concession area Number 3 are opened. <snip> biz.yahoo.com

To: Steve Fancy who wrote (1347)	3/30/1998 2:06:00 PM
From: Steve Fancy	Respond to of 22640

Six groups renew Brazil B Band bids, one drops out SAO PAULO, March 30 (Reuters) - Six consortia have renewed bids for the remaining B Band cellular telephone concessions in Brazil, with only but one group dropping its offer, the Communications Ministry said Monday. biz.yahoo.com

To: Steve Fancy who wrote (1347)	3/30/1998 2:10:00 PM
From: Steve Fancy	Respond to of 22640

Looking at today's chart, this story seems to correspond with the time the stock started pulling back. May be totally unrelated, but an observation FWIW. sf ============================== Monday March 30, 9:47 am Eastern Time Brazil jobless rate rises to 7.42 pct in Feb-IBGE SAO PAULO, March 30 (Reuters) - Brazilian unemployment rate rose to 7.42 percent in February, slightly up from 7.25 percent in the previous month, the government's National Statistics Institute (IBGE) said Monday. February's figure was also higher than the 5.55 percent seen in the same month of last year, it added. Among the six cities surveyed, the northeastern city of Salvador showed the highest rise of 8.85 percent, followed by Sao Paulo city with a rise of 8.78 percent, it said. The lowest rise, 5.03 percent, was reported in Rio de Janeiro city.