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To: DianaX who wrote (12524)	6/11/1998 7:08:00 AM
From: Ronaldo	Read Replies (2) \| Respond to of 50264

Good Morning all! Some news on Brazil's telco future. Note: 1.15 REAL= aprox. 1 U$S Minimum Telebras Bids Released; Price Tags Leave Analysts Mixed June 10, 1998 NEW YORK -- The long-delayed privatization of Brazilian telecommunications holding company Telecomunicacoes Brasileiras SA, also known as Telebras, moved closer to reality Wednesday after the Brazilian government announced minimum bids for parts of the company. The government is selling its 19.3% stake in Telebras. The company will be split into 12 units -- eight cellular-phone companies, three fixed-line operators and one long-distance carrier called Embratel SA. The units are scheduled to go on the auction block July 29. The price tags set on the 12 spinoffs left analysts mixed and potential operators agreeing on one point: values are relative. ---------------------------------------------------------------------- The Bidders The minimum bid prices, all in reals, for the 12 Telebras units: WIRELINE ÿÿTelesp ÿÿÿÿ 3.52 billion ÿÿNorth & East ÿÿÿÿÿ3.40 billion ÿÿCentral & South ÿÿÿ1.95 billion LONG DISTANCE ÿÿEmbratel ÿÿÿÿÿ 1.80 billion CELLULAR ÿÿTelesp (Sao Paulo) ÿÿÿ1.10 billion ÿÿTele Sudeste (Rio de Janeiro) ÿÿÿÿÿ570 million ÿÿTelemig (Minas Gerais) ÿÿÿÿÿ 230 million ÿÿTele Sul (Santa Catarina, Parana) ÿ230 million ÿÿTele Centro Oeste (Brasilia) ÿÿÿÿÿ 230 million ÿÿTele Norte (Amazon region) ÿ ÿÿÿÿ90 million ÿÿTele Nordeste (Far Northeast) ÿÿÿÿÿ225 million ÿÿTele Leste (Bahia, Sergipe) ÿÿÿÿ ÿ125 million ÿÿÿÿTOTAL ÿÿÿÿ13.47 billion --------------------------------------------------------------------- The government also said that the deadline for companies to request access to Telebras data in preparation for the sale had been extended to June 26, from June 12. The so-called data rooms will remain open until July 19, or ten days before the July 29 auction date