Telemig Celular Participaes SA News

Tembec Inc. waived its shareholder rights plan Tuesday to allow Wayzata Investment Partners LLC to increase its stake in the company to up to 30 per cent.

Posted Mon May 05, 01:20 pm ET Posted By: Claudio Freitas, CFA We are keeping our Buy recommendation on Vivo Participacoes S.A. . The company has a dominant position and a strong brand in the fast-growing ... via Zacks Analyst Blog

VIVO Participacoes S.A. , announced its consolidated results for the first quarter of 2008 . via Unstrung

- Forestry firm Tembec Inc. (TSX:TMB) will be indefinitely shutting down operations at a plant in northern Ontario.

Company officials say the plant in Mattawa, east of North Bay, will shut down at the end of June for a minimum of 10 weeks, affecting 52 employees. Spokesman Richard Fahey says they'll re-evaluate the situation in August for a potential restart in the fall.

Last week, Tembec reported a second-quarter loss of $59 million.

Tembec said at the time that higher prices for fossil fuel are increasing the cost of transportation, chemicals and direct energy purchases. Read more

Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. via Earth Times

“The March quarterly operating results were an improvement over the previous quarter, but remained well below acceptable levels”

MONTREAL Forestry firm Tembec Inc. reported today a second-quarter loss of $59 million, deepened from a year-earlier loss of $45 million. via The Toronto Star

“The Natural Resources and Wildlife Department's actions will result in extensive downtime at the Senneterre facility”

- Tembec (TSX:TMB) announced Thursday that 260 workers will be affected by its decision to temporarily idle its Senneterre sawmill for at least three months this summer, due to lack of wood supply in the northwestern Quebec region.

"The announced shutdown is a clear consequence of the volume reduction brought about by the latest chief forester's evaluation of the allowable cut in the Paix des Braves territory," Michel Bastien, Quebec vice-president of Tembec's Forest Products Group, said in a news release. Read more

Brazil's Bovespa index of the most- traded shares on the Sao Paulo rose 143.65, or 0.2 percent, to 64,319.23 as of 10:16 a.m. New York time. via Bloomberg

Vivo announced yesterday that it has made a public tender offer to acquire the outstanding shares of Telemig Celular. via TeleGeography CommsUpdate

Vivo Participacoes SA , Brazil's biggest mobile-phone carrier, will hold an auction to buy up to one-third of the preferred shares of Telemig Celular Participacoes SA and Telemig Celular SA next month. via Bloomberg

- A fire at Tembec Inc.'s (TSX:TMB) Pine Falls plant in Manitoba resulted in no major injuries and will only impact production for a few days, the paper producer said Thursday.

The Montreal-based company said the fire at the plant's paper machine No. 1 broke out Wednesday night around 6:20 p.m.

Employees responded based on the company's procedure, which led to limited damage to machine No. 1, while the plant's paper machine No. 2 was unaffected.

The mill is expected to resume full production in a few days, Tembec said, adding it will take all necessary measures to ensure its customers continue to get their regular supply from the mill. Read more

Today Brazilian mobile operators Telemig Celular and Amazonia Celular have launched a new mobile media service powered by Celltick's LiveScreen Media platform. via GoMo News

Brazil's third placed mobile operator Claro, a unit of America Movil, has launched 3G services in the 850MHz band, local press reported the company as saying. via Cellular News

America Movil SAB, Latin America's largest mobile-phone company, will begin offering high-speed Internet in Brazil in tomorrow after a government ruling allowed companies to use existing frequencies to offer ... via Bloomberg

SAO PAULO, Brazil, Nov. 5 /PRNewswire-FirstCall/ -- VIVO Participacoes S.A. announced its consolidated results for the third quarter of 2007 . via Customer Interaction Solutions

“We are excited to see mojo passing a tough list of performance criteria to qualify with leading carriers”

CTIA IT & Entertainment -- StreamVerse, Inc. today announces that mojo has passed qualifications with leading wireless carriers across Europe, Americas and APAC. via PrimeNewswire

Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. via PR-inside.com

Reiterating his bullish case for Vivo Participacoes S.A. , Zacks senior Latin American markets analyst Caudio Freitas, CFA explains why investors should buy the shares of the telecom company: "We are keeping ... via Zacks Analyst Blog

“We, at Veraz take great pride in having Telemig as a client and look forward to helping it to meet its challenges now and in the future.”

Veraz Networks, a global provider of IP softswitches and media gateways, has been chosen by Brazilian mobile operator, Telemig Celular, to optimize the bandwidth between Telemig's Mobile Switching Centers . via TMCnet

Brazil's telecom regulator Anatel says that mobile operators Telemig Celular and Telecom Americas will not be able to launch 3G services early, writes BNAmericas quoting a report in local newspaper Folha de Sao ... via TeleGeography CommsUpdate