Tele Centro Oeste Celular (TCO) reduced shareholder value by paying 470 million reals to acquire non-convertible debentures from Splice, its parent company (via Fixcel), in the opinion of Júlio Ziegelmann, a director of Bank Boston in Brazil. It was a lousy deal, Mr Ziegelmann says. TCO is one of the cheapest cellular telco stocks, he notes, but analysts are concerned about this deal and the possibility that Splice will continue to use TCO?s money without clear evidence it will repay. Mr Ziegelmann also doubts Splice will pay interest at fair market rates. Despite his concern about the Splice deal, he rates TCO?s management highly and notes the stock?s rising valuation until recently. It saw good opportunities to be sold at one time but today this is unlikely because of the crisis in telecoms. Even if it were sold, he says, the price would be depreciated by the fall in market cap. Nevertheless, TCO gained 3.33% between Monday, July 8 and Wednesday, July 10, closing today?s session on 3.72 reals. July 9 was a holiday in São Paulo and Bovespa was closed.
O Forum das Operadoras Alternativas é um seminário no qual se discute o uso de novas tecnologias, frequências de espectro e modelos de negócios para a construção de redes sem fio para o provimento de acesso à Internet e aplicações de Internet das Coisas (IoT). A organização é uma parceria entre Mobile Time e Teletime.
Público alvo: Executivos das áreas de TI, operações, marketing e desenvolvimento de negócios de grandes empresas com projetos de IoT e MVNO, operadoras de telecomunicações, provedores de Internet e fornecedores de infraestrutura de telecom