Business Services Industry
Brazil: CRT selling off process to be readied this week.
South American Business Information, January, 2000
This Wednesday the fixed telephone company Telefonica, will publish the invitation to the auction of its shares in CRT (Companhia Riograndense de Telecomunica=E7=F5es), the fixed telephone company that operates inthe State of Rio Grande do Sul. The transaction shall cost more than RS$2bil. Telefonica has until February 4 to sell its participation inCRT. The company controls Telesp, the Sao Paulo fixed telephone operator, and has 85.16% of the Tele Brasil Sul shares, company that control CRT, what is not permitted by the general grant plan for the telecommunications industry.
Source: O Estado de Sao Paulo Page: b5 Date: January 24, 2000 Country: Brazil Product: Telecommunications Company: CRT Event: Assets Sales & Divestitures SABI (South American...
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