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

To: David Petty who wrote (11174)	1/5/1999 12:15:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Dividend Declarations: VYM, VMM, VMN, ZF, ZTR, CTSC, HOMEF, TSU, TBE, TND, TBR Dow Jones Newswires Company Period Amount Payable Record Funds, REITs, Investment Cos., LPs VoyMinnMuniIII M h.063 1/8 1/29/99 1/15 VoyMinnMuniII M h.068 1/8 1/29/99 1/15 VoyMinnMuni M h.07 3/4 1/29/99 1/15 Zweig Fund Q .29 1/11/99 12/31 Zweig Total Ret M .07 1/11/99 12/31 Stock Cellular Tech Svcs s s-1-for-10 reverse stock split effective o/b 01/05/99. Foreign Home Centers Ltd ADS - s 1/14/99 1/12 s-7-for-5 stock split. TeleCelular Sul Prt ADR - t.7597 1/ 6 Tele Leste Cel Prt ADR - t2.0821 1/ 6 Tele Nordeste Cel ADR - t1.2003 1/ 6 Telcm Brslrs-Telebras ADS -rt1.5635 1/ 6 r-Revised amt. h-From Income M-Monthly Q-Quarterly t-Approximate U.S. dollar amount per American Depositary Receipt/Share before adjustment for foreign taxes.

To: David Petty who wrote (11174)	1/5/1999 12:16:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

David, not ever having been involved with dividends, I don't know that I understand any of the previous post. Can you explain? sf

To: David Petty who wrote (11174)	1/5/1999 12:19:00 PM
From: Steve Fancy	Respond to of 22640

Brazil Govt Schedules Fiscal Control Committee Mtg For Thu Dow Jones Newswires SAO PAULO -- The weekly meeting of Brazil's Fiscal Control Committee (CCF) will take place at 1700 GMT Thursday, a spokesman at the Planning Ministry said Tuesday. The CCF is expected to define an additional 1.3 billion reals (BRR)($1=BRR1.20) in 1999 budget cuts as part of the government's efforts to ensure that fiscal goals agreed upon with the International Monetary Fund are met. The weekly meeting is normally convened on Tuesday. The CCF was created last year to oversee the management of budget cuts announced in the wake of financial market turmoil. The committee was originally expected to meet Tuesday to finalize the 1999 budget before presenting it to Congress for a vote during this month's extraordinary session. The Planning Ministry spokesman said, however, that the meeting had never been officially scheduled for Tuesday. "When the group was created, it met every Tuesday so everyone assumed that this week's meeting would be today, but it was decided this morning that Thursday was better," he said. Last week, the government said that an extra BRR6.7 billion would be needed in 1999 to ensure that key fiscal goals in 1999 would be met. The government then unveiled a series of measures designed to earn BRR5.4 billion, noting that BRR1.3 billion in budget cuts would be determined at a later date. -By Stephen Wisnefski; (55-11) 813-1988; swisnefski@ap.org

To: David Petty who wrote (11174)	1/5/1999 12:20:00 PM
From: Steve Fancy	Respond to of 22640

Brazil Ministers Met Mon To Discuss Congress Vote Strategy Dow Jones Newswires BRASILIA -- The group of Brazilian cabinet officials charged with defining the government's strategy during this month's special session of Congress met late Monday, not Tuesday morning as had been expected, sources at the Presidential Palace said. Presidential director of institutional relations Eduardo Graef met with Transportation Minister Eliseu Padilha, Social Security Minister Waldeck Ornellas, new Labor Minister Francisco Dornelles and new Communications Minister Pimenta da Veiga to map out strategies. The Estado news agency reported Tuesday that the group only discussed ways to ensure Congress approves the extension and increase of the CPMF financial transaction tax before the end of the extraordinary session Jan. 29. The CPMF - charged on all banking transactions - is a key component of the government fiscal plan that was the cornerstone of an agreement with international lenders for a $41.5 billion credit line. Congressional failure to pass the CPMF before the end of 1998 led the government last week to announce a series of measures to compensate for 6.7 billion reals (BRR)($1=BRR1.20) in projected lost revenues this year. Congress is also expected to vote on other measures included in the government's fiscal stabilization plan, as well as the 1999 budget.

To: David Petty who wrote (11174)	1/5/1999 12:31:00 PM
From: Steve Fancy	Respond to of 22640

Lucent Signs BRR363M CDMA Deal With Brazil's Telesp Celular Dow Jones Newswires SAO PAULO -- As the battle to supply newly-privatized Brazilian telecommunications groups heats up, Lucent Technologies Inc. (LU) of the U.S. announced Tuesday that it signed a 363 million real (BRR)($1=BRR1.20) contract with Telesp Celular (TCP). The contract calls for the expansion and substitution of both analogue and digital networks in Brazil's most populous metropolitan area of Sao Paulo. By the end of June, Lucent will install about 400 new cell sites in Sao Paulo state, with 70% of those expected before the end of April, the company said in a written statement. Lucent will use code division multiple access, or CDMA, technology in the implementation of the digital networks. The deal announced Tuesday is the second contract awarded by Telesp Celular to Lucent in the past 60 days. The earlier contract, worth BRR65 million, was for the expansion and digitalization of the cellular network in the industrial Sao Paulo suburb of Osasco. Lucent installed 29 new cell sites as part of the project. In December, Lucent inaugurated a $60 million plant in Brazil. The factory, Lucent's first manufacturing facility outside the U.S., has an initial capacity to produce 1,650 cell sites per year. The company said last month that it plans to invest another $10 million in 1999 to meet local market demand, with medium range plans also calling for the construction of a new $30 million fiber optics plant. Lucent Technologies, whose global revenues totaled about $30 billion last year, has 62 factories in 23 countries, employing some 137,000 workers. Telesp Celular was acquired by Potugal Telecom SA (PT) in July as part of the privatization of federal holding Telecomunicacoes Brasileiras SA (TBR), known as Telebras. The Sao Paulo-based company operates 1.7 million cellular lines throughout the state, making it the largest cellular network in Latin America, Lucent said in the statement. -By Stephen Wisnefski; (55-11) 813-1988; swisnefski@ap.org