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

To: Mayer Tchelebon who wrote (1382)	4/1/1998 8:53:00 AM
From: Mayer Tchelebon	Respond to of 22640

From Brazil Financial Wire (Wed.) Consortium pays R$1.5bn for B band concession Sao Paulo, 01 - Consortium Algar won yesterday the concession to exploit the B band cellular telephone service in area 3 (covering the states of Rio de Janeiro and Esp¡rito Santo). The Minas Gerais-based group, formed by ABC Algar, building contractor Queiroz Galvao and operator Korea Mobile Telecom, offered R$1.508bn for the concession, 201% over the minimum price fixed at R$500m. The consortium intends to qualify 400,000 cellular phones by December. (O Estado de S. Paulo/ Jornal da Tarde/ Folha de S.Paulo/ Jornal do Brasil/ O Globo)