| Business Summary | | Tele
Leste
Celular
Participacoes
SA
provides
cellular
telecommunications
services
in
the
Brazilian
States
of
Bahia
and
Sergipe
(the
Region).
Cellular
telecommunications
services
were
first
offered
in
the
Region
in
July
1993.
At
December
31,
1999,
the
Company
had
536,185
subscribers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | TBE
provides
cellular
telecommunications
services
in
Brazilian
states
of
Bahia
and
Sergipe
under
concessions
from
the
Federal
Government.
For
the
fiscal
year
ended
12/31/99,
revenues
rose
12%
to
CR$334.4
million.
Net
loss
under
U.S.
GAAP
totaled
CR$103.2
million,
vs.
an
income
of
CR$51.5
million.
Revenues
reflect
the
growth
of
the
Company's
subscriber
base
and
higher
sales
of
cellular
handsets.
Earnings
were
offset
by
increased
expenditures
on
advertising
and
higher
commissions
paid. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Esteban Serra Mont, Ph.D., 50 | Chairman,
Pres | Felix Pablo Ivorra Cano, 53 | VP |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|