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New Varig CEOFormer telecom executive Henrique Neves has taken the helm at Latin America’s largest airline. CEO Carlos Luiz Martins, who had guided Varig since August 2003, and Finance Director […]

Posted inDaily Brief

Embratel May Up Investments

Brazil’s long-distance phone carrier Embratel may invest more than the $540 million initially planned for this year. CEO Carlos Henrique Moreira said that further investments will depend on the success of a capital increase of up to $700 million being carried out by Mexican parent company Telmex. Embratel’s capital increase is slated to be completed on April 27.

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