MCI beats Sprint for Brazil's long-distance

Article Abstract:

MCI won over Sprint with a bid of $2.26 billion for a controlling stake in Brazil's long-distance telephone company Embratel, one of 12 units being auctioned of the state-run telecommunications firm Telebras. The control of Embratel with the existing operations in Europe and North America will provide MCI, which is to be acquired by World Com, and WorldCom a solid base for a global network. Michael Rowny, executive vice president of MCI, said the telecommunications market of Brazil has a great potential for expansion because of its present telephone distribution of only 11.5 phones for every 100 people.

Comment:

Wins over Sprint with a bid of $2.26 bil to acquire a controlling stake in Brazil's long-distance telephone company Embratel

Acquisitions & mergers, Wired Telecommunications Carriers, Telephone Communications, Telephone services, MCI Communications Corp.

---

Japan stocks slip as bank reform worries emerge

Article Abstract:

The stock market in Japan fell in early trading as investors wondered if plans for bank reforms would turn the country's struggling economy around. On October 12, 1998, Japanese politicians passed legislation that would permit the government to either takeover failing banks or closed them down. A second measure is expected to be passed by the Diet that would allow the use of goverment funds to keep struggling banks afloat.

Comment:

Japan: Stock market falls in early trading as investors wonder if plans for bank reforms will turn Japanese economy around

Commercial Banks, Commercial Banking, Japan, Government regulation (cont)

---

Courting gourmet cups

Article Abstract:

Brazilian coffee growers are intensifying their marketing efforts for their premium beans to higher-end markets in the US. The growers are trying to overcome the low-quality image of their beans in the world market. While Brazil produces one-third of world coffee bean production, the upscale coffee consumers in the US prefer the estate-grown beans of Kenya, Guatemala and Jamaica.

Marketing procedures, Coffee Beans, All Other Miscellaneous Crop Farming, Coffee (Plant)

Similar abstracts:

• Abstracts: Travel agents call for airline legislation. Natives back Falconbridge deal for NWT mine. How to solve infrastructure gap: get private sector to pony up
• Abstracts: Walker abandons proxy fight for Philip. Barrick abandons bid for Argentina. TD mulls spinning off broker empire
• Abstracts: Leaders stick to guns in aiming for repeat performance. For relief from high fees, dive into pooled funds. A modest fund has reason to boast
• Abstracts: Firm fined $1.5M over tainted juice. Prescription shortcounts cost millions. Scandals could produce reforms
• Abstracts: Bombardier flies in Bangladesh. Ottawa may hike Bombardier subsidies. Quebec nurses change course, call off strike

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.