THE BRAZILIAN government released details of its sale of shares in Telebras yesterday (Thursday), confirming expectations that the country's telecom privatisation will be among the biggest the world has yet seen, involving the sell-off of 13 separate companies and Telebras's shares being split 13 ways. Communications minister Sergio Motta said that the Telebras system would be divided into three regional wireline holdings, nine cellular A-Band firms and one long distance operator -- Embratel.
October 24, 1997