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Tele Norte Leste Participações S.A

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TNE.N

ISIN: US8792461068
SEDOL: 2297930

Rating:

BUY

Target Price:

14.89 USD

Investment Horizon:

6 to 12 months
26th May 2009 View Report   Download

Company News Alert

Tele Norte Leste Participacoes S.A.'s (TNL) preferred stock was rated a BUY in our 1Q 09 news alert. Telemar Norte Leste Participacoes S.A.'s (Telemar), TNL's fixed-line subsidiary, which acquired a controlling stake in Brasil Telecom at the beginning of 2009, now plans to acquire all outstanding voting shares in the new subsidiary via a public offering. We continue to see synergistic benefits between Brasil Telecom and TNL in respect to revenues…

15th May 2009 View Report   Download

1Q 09 News Alert

Tele Norte Leste Participacoes S.A.'s (TNL) 1Q 09 revenues witnessed mute growth, mainly on account of sluggish performance of the Wireline business, despite robust growth witnessed in the Wireless segment. The company reported a fall in its net earnings on account of presence on higher debt levels related to the acquisition of Brasil Telecom. Going forward we expect the company to benefit from increased market presence through the recent acquisition of Brasil Telecom....

8th Apr 2009 View Report   Download

4Q 08 & FY 2008 Update Report

TNL garners the majority of its revenues from its wireline business. However we expect this segment to witness a steady decline due to a continuous shift in traffic from fixed to mobile lines. OI’s share in the overall Brazilian market was 16.19% as of 4Q 08 as compared to 14.38% in 4Q 07 and in Region I it has maintained its leadership status with a 30% market share. The wireless business witnessed a boost in…

6th Mar 2009 View Report   Download

4Q 08 News Alert

Although Tele Norte Leste Participações S.A.’s (TNL) revenues were in line with our expectation, 4Q 08 earnings fell significantly below our estimates and declined y-o-y on account of an increase in interest expenses during the quarter. In light of lower than expected earnings, we are likely to revise our estimates downwards in our next full update report. However, as the company’s Wireless services and Data Transmission businesses continue to perform well and given the recent…

22nd Dec 2008 View Report   Download

Company News Alert

CLICK VIEW REPORT TO READ FREE REPORT

Tele Norte Leste Participações S.A.’s (TNL) preferred stock was rated a BUY in our 3Q 08 update report. Telemar Norte Leste Participações S.A.’s (Telemar), which is TNL’s fixed-line subsidiary, received Anatel’s approval on the acquisition of Brasil Telecom Participações (BRP). At current levels we maintain our BUY rating for the preferred stock. We continue to anticipate a negative…