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EMBRATEL PARTICIPACOES: Anatel OKs 11.3% Increase in Call Rates
Embratel Participacoes has secured authorization from Brazil's telecoms regulator Anatel to increase rates by 11.3% for calls made by or destined to mobile phones under the firm's basic subscription plan, news service Agencia Estado reports.
Business News Americas relates that long distance call rates have been the same since 2004. The regulator considered the 7.99% price variation in the national price index between January 2004 and December 2005. The call rate increase was authorized for:
-- type VC-2 calls between municipalities that have the same first digit in the area code and
-- type VC-3 calls between places with a different first digit area code.
The new rates can't be implemented in calls involving Brazilian mobile operator TIM's clients, BNamericas states.
Embratel Participacoes SA offers a range of complete telecommunications solutions to the market all over Brazil, including local, long distance domestic and international telephone services, data, video and Internet transmission, and is present all over the country with its satellite solutions. Embratel is the market leader in revenues with Long Distance, Domestic and International calls.
Embratel Participacoes is rated by Moody's:
* local currency issuer rating -- B1; and * senior unsecured debt - B2.
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