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

To: Steve Fancy who wrote (6315)	8/4/1998 11:18:00 PM
From: Steve Fancy	Read Replies (2) \| Respond to of 22640

Closing figures for Telebras Subsidiaries on the Bovespa for: 08/04/1998 Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ TELEBAHIA ON * TEBA3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA PNB* TEBA6 48.70 48.70 48.70 48.70 / 0.00% 2 250,000 TELEBAHIA PNA* TEBA5 51.00 51.00 47.00 48.00 - 7.69% 23 2,110,000 TELEBAHIA CL PNB* TBAC6 21.50 24.49 21.20 21.20 -16.53% 26 1,100,000 TELEBAHIA CL ON * TBAC3 15.94 15.94 15.94 15.94 -20.33% 2 20,000 TELEBAHIA CL PNC* TBAC7 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRAS PN * TELB4 137.50 137.90 127.00 127.20 - 6.47% 1369 3,118,600,000 TELEBRAS ON * TELB3 104.00 104.00 97.00 97.00 - 5.82% 389 433,000,000 TELEBRASI CL PNB* TBRC6 80.00 80.00 80.00 80.00 = 0.00% 7 650,000 TELEBRASI CL ON * TBRC3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASILIA PN * TBRS4 224.98 225.50 220.00 223.00 + 1.36% 15 490,000 TELEBRASILIA ON * TBRS3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG PND* TMGR8 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG ON * TMGR3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG PNB* TMGR6 79.00 79.00 73.00 75.50 - 1.94% 58 29,440,000 TELEMIG CL ON * TMGC3 32.50 32.50 32.00 32.50 + 2.20% 3 1,810,000 TELEMIG CL PNB* TMGC6 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL PNE* TMGC11 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL PNC* TMGC7 53.50 54.50 48.30 48.30 -10.08% 92 36,810,000 TELEPAR ON * TEPR3 278.00 278.00 265.00 274.00 - 1.79% 10 77,000 TELEPAR PN * TEPR4 410.00 414.50 385.00 385.50 - 5.74% 56 6,189,000 TELEPAR CL PNB* TPRC6 167.00 167.00 159.00 160.00 - 5.32% 62 25,807,000 TELEPAR CL ON * TPRC3 100.10 115.00 100.10 115.00 - 4.16% 4 5,000 TELERJ ON * TERJ3 48.50 48.50 47.00 47.00 - 3.09% 22 10,160,000 TELERJ PN * TERJ4 80.00 82.50 74.00 76.25 - 4.08% 317 90,420,000 TELERJ CL PNB* TRJC6 72.00 73.90 68.00 69.00 - 2.83% 111 36,810,000 TELERJ CL ON * TRJC3 49.00 49.01 48.10 49.00 + 0.40% 15 3,070,000 TELESP PN * TLSP4 280.00 281.00 256.00 262.99 - 6.07% 651 210,270,000 TELESP ON * TLSP3 195.00 195.00 185.00 195.00 - 1.01% 61 9,380,000 TELESP CL PNB* TSPC6 113.00 114.01 104.00 106.00 - 5.77% 359 138,760,000 TELESP CL ON * TSPC3 71.00 71.00 68.00 69.01 - 2.11% 91 17,820,000 TELEBRAS PN * TELB4T 139.39 139.39 129.31 130.32 0.00% 10 9,400,000 TELEBRAS ON * TELB3T 102.09 102.10 102.09 102.10 0.00% 2 150,000 TELEBRAS ON * TELB3T 101.39 101.39 101.38 101.38 0.00% 2 100,000 TELEBRAS PN * TELB4T 131.77 131.77 131.76 131.76 0.00% 2 500,000 TELESP PN * TLSP4T 271.73 271.74 271.73 271.74 0.00% 2 200,000 TELEBAHIA ON * TEBA3F 30.00 30.00 25.06 25.06 / 0.00% 2 8,167 TELEBAHIA PNA* TEBA5F 48.05 48.05 42.01 42.01 / 0.00% 7 24,953 TELEBAHIA PNB* TEBA6F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA CL PNB* TBAC6F 19.02 21.50 19.01 19.01 / 0.00% 7 31,668 TELEBAHIA CL ON * TBAC3F 12.01 12.01 12.00 12.00 / 0.00% 2 991 TELEBRAS ON * TELB3F 102.00 103.50 96.60 96.60 / 0.00% 109 2,392,115 TELEBRAS PN * TELB4F 136.55 137.50 127.51 127.55 / 0.00% 91 2,619,887 TELEBRASI CL ON * TBRC3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASI CL PNB* TBRC6F 77.01 78.00 77.00 78.00 / 0.00% 4 6,934 TELEBRASILIA ON * TBRS3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASILIA PN * TBRS4F 220.00 224.01 220.00 221.00 / 0.00% 9 29,157 TELEMIG ON * TMGR3F 42.01 42.01 40.00 40.00 / 0.00% 7 12,543 TELEMIG PNA* TMGR5F 55.01 55.06 55.01 55.06 / 0.00% 3 474 TELEMIG PNB* TMGR6F 75.00 78.00 74.00 74.00 / 0.00% 10 40,428 TELEMIG PND* TMGR8F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL PNB* TMGC6F 58.10 58.10 58.10 58.10 / 0.00% 2 224 TELEMIG CL PNC* TMGC7F 52.00 52.00 47.02 47.02 / 0.00% 4 14,903 TELEMIG CL ON * TMGC3F 29.50 30.00 29.50 30.00 / 0.00% 4 7,875 TELEPAR PN * TEPR4F 403.00 403.00 380.00 380.05 / 0.00% 6 2,323 TELEPAR ON * TEPR3F 270.00 270.00 260.00 260.00 / 0.00% 4 1,135 TELEPAR CL PNB* TPRC6F 160.50 161.00 153.53 155.00 / 0.00% 5 2,517 TELEPAR CL ON * TPRC3F 100.02 100.02 100.02 100.02 / 0.00% 2 322 TELERJ ON * TERJ3F 48.00 48.00 46.01 46.01 / 0.00% 10 30,699 TELERJ PN * TERJ4F 81.01 82.50 74.20 75.02 / 0.00% 13 39,384 TELERJ CL PNB* TRJC6F 72.00 73.00 69.00 69.51 / 0.00% 14 41,876 TELERJ CL ON * TRJC3F 47.03 47.03 46.51 46.51 / 0.00% 8 20,075 TELESP PN * TLSP4F 278.00 280.00 257.06 263.00 / 0.00% 47 175,589 TELESP ON * TLSP3F 195.01 195.01 180.00 189.01 / 0.00% 16 54,601 TELESP CL ON * TSPC3F 69.02 70.00 65.00 70.00 / 0.00% 16 63,173 TELESP CL PNB* TSPC6F 113.00 113.00 102.00 104.06 / 0.00% 40 145,939

To: Steve Fancy who wrote (6315)	8/4/1998 11:21:00 PM
From: Alan Palange	Respond to of 22640

BRASILIA, Aug 4 (Reuters) - The Brazilian government signed over control of Brazil's Telebras <TBR.N><TELB4.SA> telecommunications system to its new private owners Tuesday, the final formality after last week's spectacular $19 billion auction of the company. "An era...ends today. But it is with joy, not sadness that we are beginning a new, more successful stage than the Telebras period," Communications Minister Luiz Carlos Mendonca de Barros told the winners of last week's Telebras auction. He then handed a check for 8.8 billion reais ($7.6 billion) to a finance ministry official for deposit in the National Treasury. The check was the combined first installment of the $19 billion offered for Telebras' 12 subsidiaries by top telecom companies from Europe, the United States and Canada and by their international and Brazilian partners. As the executives chatted in a smattering of languages, new details of how Brazil's long-underfunded telecommunications sector will function were still emerging. Spain's Telefonica <TEF.MC> said it planned to double within four years the number of lines of Telesp <TLSP3.SA>, the fixed-line company covering busy Sao Paulo state which it bought along with partners for $4.98 billion last week. In a statement issued in Madrid, the Spanish company said it expected Telesp, its latest investment in Latin America, would quadruple net profit by 2002. Analysts who took part in a conference call with Telefonica said the company planned to invest $11 billion in Telesp over the next ten years. In Lisbon, Portugal Telecom <PTCO.IN> said the nearly $3 billion it spent on a cellular firm in Sao Paulo state and a share in Telesp along with Telefonica was worth it, despite causing a 15 percent fall in the company's share price. "Certainly, it is going to have a negative impact (on short-term profits). But we know very well what we have bought. It is a sign of confidence in the future," said Portugal Telecom Francisco Murteira Nabo. In Brasilia, the all-Brazilian Telemar group which bought another of Telebras' three fixed-line companies -- Tele Norte Leste -- said it would seek a "strategic" foreign partner to make it more competitive. "The entry of our future partner will not just mean the entry of Telemar into the world market, but will also give it strength in the financial market," said Carlos Jereissati, president of La Fonte Participacoes investment firm, a member of Telemar. Shares in Telerj <TERJ3.SA> and Telemig <TMGR3.SA>, two of the 16 state-level fixed-line companies covered by Tele Norte Leste plunged in trading immediately after the privatization as investors fretted over the absence of an experienced telecoms operator in Telemar. But the share prices recovered Friday amid rumors of a possible foreign investor in the group. Late Monday, Brazil's National Development Bank (BNDES) and Telemar officials agreed that the bank's investment wing would buy a 25 percent stake in Telemar for $686.8 million. Of that stake, 15 percent will be sold to Telemar's future foreign partner which will probably be a telephone operator, Jereissati said. Earlier Tuesday, Telemar said in a newspaper announcement it would invest $8.6 billion in five years in Tele Norte Leste. An official from Telecom Italia <TIT.MI>, which carried off the remaining fixed-line company, Tele Centro Sul, and two cellular units at the privatization auction, said the company would announce plans for its new investments in Milan on Wednesday. REUTERS Rtr 22:06 08-04-98