Ring masters.The race is on for the Brazilian wireless telephone market. Brasilcel, a joint venture of Spanish wireless telecom Telefonica Moviles and Portugal Telecom Portugal Telecom (Euronext: PTC, NYSE: PT) is the biggest telecommunications operator in Portugal. It operates mainly in Portugal and Brazil. It also has a significant presence in Morocco, Guinea-Bissau, Cape Verde, Mozambique, Timor-Leste, Angola, Kenya, the People's Republic , will buy for US$513 million outstanding shares in four of its Brazilian subsidiaries. Fixed-line company Brasil Telecom Brasil Telecom S.A. (BrT) is a major Brazilian telecommunications company headquartered in the Brazilian capital of Brasilia. The company is one of three land line telephone companies in Brazil that emerged from the break-up of Telebrás. has launched cellular telephone service through new subsidiary Brasil Telecom GSM (Global System for Mobile Communications) A digital cellular phone technology based on TDMA that is the predominant system in Europe, but also used worldwide. Developed in the 1980s, GSM was first deployed in seven European countries in 1992. . France's Alcatel, which makes equipment, will supply the new wireless unit. Meanwhile, Telefonica's main rival in the region, Mexican telecom giant Telefonos de Mexico (Telmex), has offered to buy all outstanding voting shares Voting Shares Shares that give the stockholder the right to vote on matters of corporate policy making as well as who will compose the members of the board of directors. Notes: Different classes of shares, such as preferred stock, sometimes don't allow for voting rights. in Brazilian long-distance provider Embratel for up to $5.11 a share. Telmex bought 52% of Embratel for $400 million in July. |
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