Afterglow of Brazil's Telebras privatisation
Article Abstract:
Brazilian telephone company, Telebras, raised US$19 billion when it was privatised in July 1998. Telebras was broken into one long-distance operator, three fixed-line and eight cellular operators. Licences are to be sold for 'mirror companies' which will compete against these. There is already competition in the cellular telephone sector and new concessions are being negotiated between the government and the telecommunication sector. The government hopes these concessions will bring in another US$5 billion.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Telecom Italia's record sale
Article Abstract:
The sale of the Italian government's controlling stake in Telecom Italia was four times oversubscribed. Most of the stock was taken up by 2 million small investors. Italian and foreign institutional investors wanted to purchase around 800 million shares, but will only receive a maximum 280 million shares at 11,200 lire per share. A golden share will be retained by the treasury. The next large privatization planned in Italy is the sale of electric utility ENEL, which is set to take place in 1998.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Step towards privatization for Enel. Prodi promises to speed Italy's sales. Saudis move ahead with BOT schemes
- Abstracts: Australian airport drama. Airport privatisation - the Australian experience. More Australian airports
- Abstracts: Anyone for a soviet era leviathan? Bulgarian privatisations face difficulties. Bulgaria indebted to private deal
- Abstracts: How the experts see it. The review contest
- Abstracts: New crop: military may be left out of top leadership. Last refuge. Partners in dialogue