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

To: Steve Fancy who wrote (1422)	4/3/1998 11:26:00 AM
From: DMaA	Read Replies (1) \| Respond to of 22640

Courage! Briefing: Telebras ADS (TBR) 122 -3 7/8: Lehman Brothers reiterates its "buy" rating on Brazilian telecommunications company after conclusion of legal wrangling over Band B license; sees no further legal delays which will lend credibility to government's privatization timetable; has a $175 a share price target.....

To: Steve Fancy who wrote (1422)	4/3/1998 11:40:00 AM
From: Steve Fancy	Respond to of 22640

Brazil shares seen mixed at open, wary of Japan SAO PAULO, April 3 (Reuters) - Brazilian shares were seen mixed Friday, with traders weighing the impact of a steep overnight fall in Japan's bourse as a sucessful sale of a new Band B cellular concession could provide some underpinning. biz.yahoo.com ================================== Brazil's Central Bank lowers its reais mini-band SAO PAULO, April 3 (Reuters) - Brazil's Central Bank lowered its mini-band on the real currency by buying dollars at 1.1380 and selling at 1.1430 reais per dollar in the commercial foreign exchange market, dealers said. biz.yahoo.com

To: Steve Fancy who wrote (1422)	4/3/1998 11:41:00 AM
From: Steve Fancy	Respond to of 22640

Stet-Telecom (ME:TIT) wins Brazil cellular license Reuters, Friday, April 03, 1998 at 07:52 BRASILIA, April 3 (Reuters) - A group including Italy's Stet-Telecom Italia (MILAN:TIT) on Friday won a license to provide Band B cellular services in Brazil's Minas Gerais state, the Communications Ministry said. The Vicunha group, which also comprises Brazil's Vicunha industrial group, Bradesco bank (SAO:BBD) and Globo Participacoes, bid 520 million reais for the 15-year concession, the ministry said. The winning bid for the Band B area No. 4 concession was 30 percent above the minimum price of 400 million reais. It beat out another offer by Brascom group, including U.S.-based Southwestern Bell (NYSE:SBC), Germany's Mannesmann (FSE:MMWG) Eurokom, Brazil's Andrade Gutierrez and Monteiro Aranha, which bid 450 million reais. In terms of cellular phone charges, the winning consortium offered 57.36 reais per basket of cellular calls, compared to Brascom's offer of 60.92 reais. Vicunha group already has won a Band B concession covering the northeastern states of Bahia and Sergipe. Stet-Telecom Italia holds 43 percent of the consortium, followed by Vicunha textile group with 37 percent and a venture between Globo Participacoes and Bradesco bank with 20 percent. The concession for Minas Gerais state was the third granted by the federal government since it restarted its Band B sale process this week after a seven-month gap. Copyright 1998, Reuters News Service