Brazilian Telecom Plots Bond

Companhia de Telecomunicacoes do Brasil Central, known as Algar Telecom, is preparing to raise BRL220m ($108m) in the domestic bond market, it says. It plans two series, and an official at the company does not respond to a request for comment on additional details. Part of the Algar Group, Algar Telecom offers telephone, cellular, cable television and data service in six Brazilian states.