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

To: Steve Fancy who wrote (1619)	4/13/1998 5:08:00 PM
From: Steve Fancy	Respond to of 22640

Brazil names interim communications minister Reuters, Monday, April 13, 1998 at 15:02 BRASILIA, April 13 (Reuters) - Brazil will name a top communications ministry official as interim communications minister to replace Sergio Motta, who is hospitalized with severe respiratory problems, a presidential spokesman said. Juarez Quadros, executive secretary at the ministry, was expected to be sworn in later on Monday, the spokesman said. Motta, 57, was hospitalized on Tuesday when an infection aggravated a chronic pulmonary illness. His condition worsened over the weekend and he was moved into the intensive care unit at Albert Einstein Hospital in Sao Paulo. He remained in intensive care on Monday, under sedation and receiving oxygen via a respirator. Quadros was seen by analysts as a natural choice because he is already handling many of Motta's day-to-day duties. But he must be formally appointed interim minister to sign contracts and carry out other business reserved for the minister. Quadros will assume responsibility for overseeing the privatization drive of Brazil's massive telecommunications network. Copyright 1998, Reuters News Service

To: Steve Fancy who wrote (1619)	4/13/1998 5:22:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

*****!! Brazil names BNDES chief to head telecom selloff Reuters, Monday, April 13, 1998 at 17:14 BRASILIA, April 13 (Reuters) - Brazil named National Development Bank (BNDES) President Luiz Carlos Mendonca de Barros to head the government's telecommunications privatization drive, a presidential spokesman said Monday. Presidential spokesman Sergio Amaral said there would be no change in Brazil's massive telecommunications selloff plans following the hospitalization of Communications Minister Sergio Motta. "There will be no changes in the privatization calendar in the area of telecommunications," Amaral told reporters at the presidential palace. Mendonca de Barros was put in charge of the telecommunications privatization program shortly after Juarez Quadros, executive secretary at the Communications Ministry, was named interim Communications Minister. The Rio de Janeiro-based BNDES functions as the Brazilian government's privatization agency and is operationally responsible for the sale of state assets. Amaral said Mendonca de Barros would continue to head the BNDES as well as manage the telecommunications sector privatization, which is scheduled to be completed this year. Motta, 57, was hospitalized on Tuesday when an infection aggravated a chronic pulmonary illness. His condition worsened over the weekend and he was moved into an intensive care unit. Copyright 1998, Reuters News Service