Thursday, July 26, 2007

UPDATE 1-Brazil's Telemar profit soars 65 percent

(Reuters) - Telemar, which controls Brazil's largest fixed-line
operator and the wireless company Oi, attributed the higher
earnings to 369,000 new users, 30 percent more than in the
preceding quarter; a strong operating performance; and
favorable interest rates and foreign exchange.




The profit was 36 percent higher than in the first
quarter.


Read more at Reuters.com Market News

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