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

To: Steve Fancy who wrote (15356)	5/18/1999 12:59:00 PM
From: wl9839	Read Replies (1) \| Respond to of 22640

Brazil raises R$ 30.5bn with telecom privatization Rio de Janeiro, 18 - The president of the National Telecommunications Agency (Anatel), Renato Guerreiro, said this Tuesday that Brazil has already raised a total of R$ 30.5bn with the privatization of telecom companies. Guerreiro estimates that Brazil should have 33 million telephones by the year 2001. He also believes that, as a result of competitiveness, phone fees should be lower than the estimated in concession contracts signed with operating companies. (By Gustavo Alves) Copyright © 1996 Agência Estado. All Rights Reserved.

To: Steve Fancy who wrote (15356)	5/18/1999 1:05:00 PM
From: wl9839	Read Replies (1) \| Respond to of 22640

Steve, Sorry to hear you have been under the weather. The one thing I do like about this tender offer is that it is spotlighting the cellulars. I am into TRO and have been pleasantly surprised by today's action (up 3/8 which for a four dollar stock is nice). On another note, my friend who speaks to bankers in Brazil has said that the buzz in Sao Paulo is that if the FOMC does nothing, a decrease in Brazilian rates is a lock. If there is an increase, forget anything meaningful this week. So, I remain with ear glued to bloomberg radio. WJ