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Telemar Restructuring Hits Snag

Aug 22, 2006

Brazil's largest fixed-line telecoms operator, Telemar, which recently announced it is to pull its planned secondary share offering may well find the terms of its capital restructuring under threat....

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There is performance risk that the market is going to have to evaluate and assess. I think that is very healthy for the market because that will enable us to finance a much wider range of projects.

Luis Fernando Andrade, Colombian National Infrastructure Agency


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