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

To: djane who wrote (7234)	8/28/1998 10:34:00 AM
From: djane	Respond to of 22640

Good news. Schedule for mirror companies sale maintained agestado.com Aug/28/98 at 09h50 am ET Sao Paulo, 28 - The National Telecommunications Agency (Anatel) has no plans to change the already announced schedule for the auction of the so-called telecommunications mirror companies, which should compete with the privatized Telebr s holdings after being sold. The edict for tender will be published on September 3rd. However, there are rumors that the international crisis could keep investors away. Even though, "changing the dates would be shooting our own foot", a source to the agency said. The government has 11 privatization auctions slated for the period through November. State-owned companies and concessions will be offered for a minimum price of US$8bn. (O Estado de S. Paulo/ Jornal da Tarde) Copyright c 1996 Agˆncia Estado. All Rights Reserved.