Category: Brazil

Portugal Telecom has parlayed its Brazilian assets into an outsized alliance with Spain’s Telefónica that will
dominate Brazil’s cell phone market. The deal also will help the Portuguese company overcome its size limitations.

PCS Auction Canceled for Lack of InterestBrazil’s telecommunications regulator, Anatel, was forced to cancel the first of three bidding auctions for nine new PCS wireless network licenses. Serranby, a consortium […]

The Brazilian power industry needs more foreign investment and greater flexibility on contracts as the deadline for market liberalization approaches. Without changes, power outages are possible as the economy surges.

Brazil is once again firmly established as one of the world?s favorite markets, both for bond investors who snap up its paper and for industrial companies that continue to pour […]

Brazil Rides S&P Upgrade and US Rate CutBrazil swooped into the markets in the first week of the new year with a remarkably well-timed $1.5 billion, five-year issue managed by […]

Mark Mobius, president of Templeton Emerging Markets and a crusader for minority shareholder rights, says Brazilian laws encourage entrenched corporate management to control companies without owning a majority of capital. Investors therefore have the incentive to buy control of companies at big premiums and then lower the purchase price by offering to buy the shares held by hapless minority investors, who lose out again and again.

Investor enthusiasm for the Brazilian media company’s euro issue this year sends a positive signal to Latin American corporate borrowers, who still need to work on raising their profile in Europe.

Confidence in Brazil Grows Brazil’s domestic debt burden has increased by more than a third in nominal terms since the January 1999 currency crisis. In dollar terms, the debt stock […]