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

To: Steve Fancy who wrote (1779)	4/20/1998 1:03:00 AM
From: Steve Fancy	Respond to of 22640

Former Brazil communications minister Motta dies Reuters, Monday, April 20, 1998 at 00:56 SAU PAULO, April 20 (Reuters) -- Sergio Motta, Brazil's maverick former communications minister and President Fernando Henrique Cardoso's chief political advisor, died of respiratory failure late on Sunday, a hospital official said. Motta was 56. The architect of Brazil's multibillion dollar telecommunications privatization drive, Motta had been hospitalized since the beginning of the month after a pulmonary infection worsened a chronic a lung disease. Doctors had warned his condition was terminal. Expecting the worse, last week president Cardoso replaced Motta at the communications ministry and named National Development Bank (BNDES) president Luiz Carlos Mendonca de Barros in charge of the telecommunications privatization program. Motta's death comes as a blow to Cardoso six months before national elections in which the president plans to run for a second four-year term of office. Besides being a close personal friend and business partner, Motta was Cardosa's nearest political confidant and chief articulator in congress. Copyright 1998, Reuters News Service