BRAZIL.AES, the U.S. power company, paid $158 million for a 51% stake in Brazilian data transmission company, Eletronet, which has a 26,100-mile fiber optic telecommunications network A telecommunications network is a of telecommunications links and nodes arranged so that messages may be passed from one part of the network to another over multiple links and through various nodes. spanning the entire country. Light Participacoes, a power company in which AES is also a shareholder, will hold the remaining stake. GERDAU, the Brazilian steelmaker, acquired a 75% stake in U.S.-based Ameristeel Corp. Gerdau, which also owns two plants in Canada, is considered Brazil's biggest producer of long-rolled steel, widely used in construction as reinforcement material for concrete. Ameristeel is considered the second-biggest U.S. producer of iron bars. CANBRA awarded Nortel Networks (Nortel Networks Limited, Brampton, Ontario, www.nortelnetworks.com) A world leader in telecommunications products, which includes switching, wireless and broadband systems for service providers and carriers, telephones and systems for residential and business users, computer telephony a five-year contract worth an estimated US$500 million to deliver advanced data and telephony services in Rio de Janeiro Rio de Janeiro, city, Brazil Rio de Janeiro (rē`ō də zhänā`rō, Port. rē`  thĭ zhənĕē`r and 15 other East Coast and northern states in Brazil. Canbra, formed by several telecommunication companies that include Bell Canada Bell Canada Enterprises (TSX: BCE, NYSE: BCE), legally BCE Inc., is a major Canadian telecommunications company. Through its subsidiaries including Bell Canada, Bell Aliant, Northwestel, Télébec, and NorthernTel, it is the incumbent local exchange carrier for International, was awarded a "mirror company" license to compete with Telemar, one of the companies formed as a result of the privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned of Telebras. Upon completion, the Canbra network will reach 51 cities, with a combined population of more than 87 million people. LUCENT TECHNOLOGIES signed a contract worth $59 million with Telesp Celular, which is owned by Portugal Telecom, to expand the company's wireless network in the cities of Santos and Guaruja, in the state of Sao Paulo. Telesp Celular, which provides service to the state of Sao Paulo, currently manages a network of more than 2.2 million subscribers. PSINET PSINET Performance Systems International, Inc PSINET Performance Systems International, Inc. INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. ., a U.S.-based telecommunications company, continued its Internet-related expansion in Latin America, acquiring its fourth Brazilian Internet service provider--Domain Acesso e Servicos Internet--a privately-held Internet company primarily serving the city of Rio de Janeiro. The Brazilian company has more than 12,000 customers. Terms of the agreement were not disclosed. CONTINENTAL AIRLINES launched direct non-stop service from its hub in Houston to Sao Paulo, Brazil. The airline has been running direct non-stop flights from Newark, New Jersey, to Sao Paulo and Rio de Janeiro for more than a year. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion