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

To: Steve Fancy who wrote (9209)	10/27/1998 5:44:00 PM
From: Steve Fancy	Respond to of 22640

Goldman Sachs' Hormats: Brazil May Need More Than $30B Dow Jones Newswires NEW YORK -- Before the International Monetary Fund offers its planned $30 billion bailout to Brazil, the country needs to pass into law a tough fiscal economic program, said Robert Hormats, vice chairman, Goldman Sachs International. But Hormats told CNBC Monday that he thinks Brazil's government "has committed itself to maintaining currency stability," an attitude he believes should quash rumors flitting about Wall Street that the largest country in South America is considering devaluing its currency, the real. International banking officials, along with the Group of Seven leading industrial nations, may need to boost its bailout pot above the forecast $30 billion, Hormats added, to give Brazil's financial markets "added confidence." - Scott Eden; 201-938-5173

To: Steve Fancy who wrote (9209)	10/27/1998 5:45:00 PM
From: Steve Fancy	Respond to of 22640

FirstCom Considers $100M Expansion In Latin America Dow Jones Newswires SANTIAGO -- The U.S.'s FirstCom Corp (ICCA) said Tuesday that it is looking to secure financing for up to $100 million to fund future telecommunications investments in Argentina, Colombia and Brazil. Marketing Director Alan Spencer also said that the company, which is based in Coral Gables, Florida, officially changed its name Tuesday to FirstCom, from Interamericas Communications. The company was already providing telephone services in Chile and Peru under the FirstCom name. Spencer declined to give details on any of the specific investments the company is considering, other than to say that the expansion in Argentina and Colombia would probably begin in 1999, followed by Brazil the following year. In Chile, FirstCom currently operates local and long distance telephone companies and provides private network services for businesses. The company also announced the acquisition of an Internet Protocol phone license on Tuesday. Spencer said the company expects to begin providing services under the license next year. He added that FirstCom is expanding its Peruvian operations along the same lines already followed in Chile. -By William Hoke (562) 639 7895