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

To: Steve Fancy who wrote (1377)	3/31/1998 11:34:00 PM
From: Steve Fancy	Respond to of 22640

Brazil shares close firm, end March up 12.9 pct SAO PAULO, March 31 (Reuters) - Brazilian shares ended firm on Tuesday in the last trading day of March, boosted by Wall Street's gains following a U.S. Federal Reserve decision to keep short-term U.S. interest rates unchanged, traders said. biz.yahoo.com

To: Steve Fancy who wrote (1377)	3/31/1998 11:38:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Winning Brazil-Korea cell group to invest $500 mln BRASILIA, March 31 (Reuters) - The Brazilian-Korean consortium which Tuesday won a concession to provide cellular services in Rio de Janeiro and Espirito Santo states plans to invest $500 million over the next three years, officials said. <snip> The consortium bid 1.508 billion reais ($1.33 billion), or more than three times the asking price of 500 million reais, to pick up the 15-year concession. It also offered rates significantly lower than three rival bidders. biz.yahoo.com