Telebras auction is seen leading to uncertainty

Article Abstract:

Telecomunicacoes Brasileiros SA's (Telebras) sale by the Brazilian government signals the start of uncertainty for investors as the company's stock, which is the top foreign item on Wall Street, will be divided into shares of 12 regional phone companies. Investors are yet to know when the shares will be traded or for what price and the New York Stock Exchange and privatization officials are not providing any guidelines for the benefit investors. Share prices will rely partly on the company with the winning bids, but Paribas Corp.'s William Beavington said that the high asking price for the company would indicate higher value for the listed shares.

Comment:

Sale signals start of uncertainty for investors as company's stock will be divided into shares of 12 regional phone companies

Asset sales & divestitures, Securities issued, listed, Brazil, Article, Telecomunicacoes Brasileiras S.A.

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Argentina Opens Its Phone Sector To Competition

Article Abstract:

Government deregulation of local, long-distance and international telephone service in Argentina is expected to draw approximately $5 billion in investments by telecommunications companies. AT and T Latin America Corp. is one of the telecom firms making further investments in Argentina.

Strategy & planning, Government regulation, Telephone communications, exc. radio, Management, Laws, regulations and rules, Telecommunications services industry, Telecommunications industry, AT&T Latin America

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Argentina seeks new deal for IMF to release loan

Article Abstract:

Argentina attempts to rework an agreement with the International Monetary Fund to receive loans after the organization refuses to release the funds because the country has not balanced its budget.

Public Finance Activities, Administration of General Economic Programs, International economic relations, National Government Finance, International Monetary Fund, Foreign Aid-Loan Receipts, Economic aspects, Public finance, Foreign loans

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