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Bolivarians' Complaints to Lula's proposed International Coallition of Venezuelan Friends
Bolivarian Solidarity Network is presenting today its complaints about Lula's initiative of an International Group of Countries "friends of Venezuela" to help out finding a solution to Venezuelan crisis. Also they state that "We must be alert because the US government and the opposition are looking forward to create conditions to overthrow the Venezuelan government".
----- Original Message -----
From: Bolivarian Solidarity Network
To: <lasolidarity [at] topica.com>
Sent: Tuesday, January 21, 2003 12:58 AM
Subject: LASC: Venezuela in critical period.
Dear friends,
Under the advice of Lula (who promised to work everything out) Chavez decided to accept an "unfriendly" group of Venezuelan friends.
The government stated that the acceptance of this group of friends--United States, Mexico, Spain, Chile, Portugal, and Brazil--will be under the premise that these countries will state their support to the Venezuelan constitution and will openly express their rejection to the opposition attempts to overthrow Chavez's democratically elected government. It is not clear how the Venezuelan government is going to obtain these statements because the group is already formed, and there is not a special protocol to sign.
In an additional note, the government stated their desire to continue looking for friends elsewhere. We must remember that the United States and Spain recognized the dictatorship of Pedro Carmona after the April coup d'etat in Venezuela. Mexico kept an
ambiguous position in April and recently called for not supporting the Chavez government because the opposition could consider it an intromission in Venezuelan internal affairs. Chile and Portugal have been critics of Chavez government in the international arena. We are not sure if Brazil is a friend now. Really!
The government also decided not to abandon the dialogue with the opposition for now, hoping that the presence of Jimmy Carter in Caracas will help the process. Although Chavez stated that: "We in the government ... are considering withdrawing our team
from the negotiating table because those people (the opposition) are showing no sign that they really want to choose the democratic path."
The opposition is covertly calling for an increase of violent activities on the streets, the sabotage of the oil industry, and the electric system. The police have confiscated documents on this regard and people have visited TV stations to denounce the situation. They are also calling for the formation of "emergency-units" in wealthy and middle-class neighborhoods, and for the identification of government sympathizers in those areas in support of actions that are to take place by the end of the month. Pure Fascism and terrorism.
After his recent trip to the United States, Carlos Ortega, a top member of the CTV and the opposition also stated that they were not alone in this struggle (in a clear reference to the meeting they had with Otto Reich, people from the State Department, and with
business people from the United States).
We must be alert because the US government and the opposition are looking forward to create conditions to overthrow the Venezuelan government.
Bolivarian Solidarity Network
------------------------------------------------------------------------
The Latin American Solidarity Conference website can be found at http://www.lasolidarity.org
From: Bolivarian Solidarity Network
To: <lasolidarity [at] topica.com>
Sent: Tuesday, January 21, 2003 12:58 AM
Subject: LASC: Venezuela in critical period.
Dear friends,
Under the advice of Lula (who promised to work everything out) Chavez decided to accept an "unfriendly" group of Venezuelan friends.
The government stated that the acceptance of this group of friends--United States, Mexico, Spain, Chile, Portugal, and Brazil--will be under the premise that these countries will state their support to the Venezuelan constitution and will openly express their rejection to the opposition attempts to overthrow Chavez's democratically elected government. It is not clear how the Venezuelan government is going to obtain these statements because the group is already formed, and there is not a special protocol to sign.
In an additional note, the government stated their desire to continue looking for friends elsewhere. We must remember that the United States and Spain recognized the dictatorship of Pedro Carmona after the April coup d'etat in Venezuela. Mexico kept an
ambiguous position in April and recently called for not supporting the Chavez government because the opposition could consider it an intromission in Venezuelan internal affairs. Chile and Portugal have been critics of Chavez government in the international arena. We are not sure if Brazil is a friend now. Really!
The government also decided not to abandon the dialogue with the opposition for now, hoping that the presence of Jimmy Carter in Caracas will help the process. Although Chavez stated that: "We in the government ... are considering withdrawing our team
from the negotiating table because those people (the opposition) are showing no sign that they really want to choose the democratic path."
The opposition is covertly calling for an increase of violent activities on the streets, the sabotage of the oil industry, and the electric system. The police have confiscated documents on this regard and people have visited TV stations to denounce the situation. They are also calling for the formation of "emergency-units" in wealthy and middle-class neighborhoods, and for the identification of government sympathizers in those areas in support of actions that are to take place by the end of the month. Pure Fascism and terrorism.
After his recent trip to the United States, Carlos Ortega, a top member of the CTV and the opposition also stated that they were not alone in this struggle (in a clear reference to the meeting they had with Otto Reich, people from the State Department, and with
business people from the United States).
We must be alert because the US government and the opposition are looking forward to create conditions to overthrow the Venezuelan government.
Bolivarian Solidarity Network
------------------------------------------------------------------------
The Latin American Solidarity Conference website can be found at http://www.lasolidarity.org
Add Your Comments
Comments
(Hide Comments)
...for Mobilization Against the U.S. Military and Economic Intervention in Latin America and the Caribbean.
----- Original Message -----
From: Hendrik Voss <hvoss [at] soaw.org>
To: <lasolidarity [at] topica.com>
Sent: Tuesday, January 21, 2003 1:08 AM
Subject: LASC: The Latin America Solidarity Coalition (LASC) seeks to hire Organizer
please forward to your lists
The Latin America Solidarity Coalition (LASC) seeks to hire Organizer
The Latin America Solidarity Coalition (LASC) is planning a Mobilization Against the Military and Economic Intervention in Latin America and the Caribbean from April 10-15, 2003 in Washington, DC. The LASC is a coalition of U.S. based grassroots solidarity groups and operates and structures its work from a solidarity model on the principle of self-determination. We determine our strategies based on the needs of our
partners in Latin America and the Caribbean.
The April Mobilization will include a massive protest rally on Sunday, April 13, followed by a march to the World Bank and the International Monetary Fund buildings, where their annual spring meetings are taking place. We are coordinating with movements throughout Latin America and the Caribbean to make this an International Day of Action. The Mobilization will also include the Latin America Solidarity Conference III with direct action trainings, educational workshops and strategy sessions, a lobby day to close the School of the Americas, street theatre, film screenings and
more. Visit http://www.lasolidarity.org for more information.
To make it all happen, we are hiring an organizer. We are envisaging the position as full time, with the possibility of sharing it between two persons. We are looking for a person/persons with outreach and organizing experience, previous knowledge of the issues, good links to press and the progressive movement, excellent communication- and fluent Spanish language skills.
The person(s) will be responsible to the LASC Interim Coordinating Committee and will work in Washington D.C., hosted at a LASC organization. Salary level: $2,000/month for full time or $1,000 for part time. Since this is consultancy based, health insurance is not anticipated but could be negotiated in special circumstances.
Please send applications and resumes to Hendrik, SOA Watch, at hvoss [at] soaw.org by FEBRUARY 1st! The organizer will start as soon as possible.
The Latin American Solidarity Conference website can be found at http://www.lasolidarity.org
----- Original Message -----
From: Hendrik Voss <hvoss [at] soaw.org>
To: <lasolidarity [at] topica.com>
Sent: Tuesday, January 21, 2003 1:08 AM
Subject: LASC: The Latin America Solidarity Coalition (LASC) seeks to hire Organizer
please forward to your lists
The Latin America Solidarity Coalition (LASC) seeks to hire Organizer
The Latin America Solidarity Coalition (LASC) is planning a Mobilization Against the Military and Economic Intervention in Latin America and the Caribbean from April 10-15, 2003 in Washington, DC. The LASC is a coalition of U.S. based grassroots solidarity groups and operates and structures its work from a solidarity model on the principle of self-determination. We determine our strategies based on the needs of our
partners in Latin America and the Caribbean.
The April Mobilization will include a massive protest rally on Sunday, April 13, followed by a march to the World Bank and the International Monetary Fund buildings, where their annual spring meetings are taking place. We are coordinating with movements throughout Latin America and the Caribbean to make this an International Day of Action. The Mobilization will also include the Latin America Solidarity Conference III with direct action trainings, educational workshops and strategy sessions, a lobby day to close the School of the Americas, street theatre, film screenings and
more. Visit http://www.lasolidarity.org for more information.
To make it all happen, we are hiring an organizer. We are envisaging the position as full time, with the possibility of sharing it between two persons. We are looking for a person/persons with outreach and organizing experience, previous knowledge of the issues, good links to press and the progressive movement, excellent communication- and fluent Spanish language skills.
The person(s) will be responsible to the LASC Interim Coordinating Committee and will work in Washington D.C., hosted at a LASC organization. Salary level: $2,000/month for full time or $1,000 for part time. Since this is consultancy based, health insurance is not anticipated but could be negotiated in special circumstances.
Please send applications and resumes to Hendrik, SOA Watch, at hvoss [at] soaw.org by FEBRUARY 1st! The organizer will start as soon as possible.
The Latin American Solidarity Conference website can be found at http://www.lasolidarity.org
The special zone of security, recently decree by Chavez, conforms all the South-East and East border zones.
-----------------------------------------------------------------------
In order to receive suplys help from Brazil and other countries, Chavez has ordered to create a special protection zone where I live, the frontier with Brazil, also including other east frontier zones of Venezuela at Delta Amacuro state and Peninsula de Paria (Sucre state).
The idea is that whatever happens in Venezuela, we can have this special corridors open by land at the south and south-east and by sea at the east to receive gasoline, food suplies from other countries, mainly Brazil.
Venezuelan Armed Forces will specially enforce security at these frontier zones.
Chavez plans also to recover tourism in these famous touristic border zones, because tourism is the best way to show that the zone is completely secure. Tourism in all Venezuela is nearly zero thanks to political opposition war. Where I live -La Gran Sabana- last December where expected thousends of national and foreigner tourists, but only a couple dozens foreigner adventurer tourists (backpackers style) came at all, and few Brazilians in their own cars. Also some 'escualidos' with luxury 4x4 vehicles came last december from Caracas and other big cities to visit the land of the sacred mountains called by indians Tepuy -La Gran Sabana-.
It is worth to remember that this land corridor between Venezuela and Brasil is the main route by land of Brazil Amazonic deforestation's wood products to reach caribeean sea ports and sail to the entire world.
I think the matter of tourism is secondary in reality, just a disguise, what must be happening is that Brazil needs to recover urgently this land corridor to take Amazonic deforestation woods to the world markets.
from almost two hundred 18wheellers trucks full of amazonic wood passing each week at this frontier post towards caribeean ports in Venezuela, now only passes one or two trucks each week.
I don't see Venezuelan needs for sure help of gasoline, food, etc through this corridor so much questionable, but Brazil intentions in all this really scares me.
Trastor
-----------------------------------------------------------------------
In order to receive suplys help from Brazil and other countries, Chavez has ordered to create a special protection zone where I live, the frontier with Brazil, also including other east frontier zones of Venezuela at Delta Amacuro state and Peninsula de Paria (Sucre state).
The idea is that whatever happens in Venezuela, we can have this special corridors open by land at the south and south-east and by sea at the east to receive gasoline, food suplies from other countries, mainly Brazil.
Venezuelan Armed Forces will specially enforce security at these frontier zones.
Chavez plans also to recover tourism in these famous touristic border zones, because tourism is the best way to show that the zone is completely secure. Tourism in all Venezuela is nearly zero thanks to political opposition war. Where I live -La Gran Sabana- last December where expected thousends of national and foreigner tourists, but only a couple dozens foreigner adventurer tourists (backpackers style) came at all, and few Brazilians in their own cars. Also some 'escualidos' with luxury 4x4 vehicles came last december from Caracas and other big cities to visit the land of the sacred mountains called by indians Tepuy -La Gran Sabana-.
It is worth to remember that this land corridor between Venezuela and Brasil is the main route by land of Brazil Amazonic deforestation's wood products to reach caribeean sea ports and sail to the entire world.
I think the matter of tourism is secondary in reality, just a disguise, what must be happening is that Brazil needs to recover urgently this land corridor to take Amazonic deforestation woods to the world markets.
from almost two hundred 18wheellers trucks full of amazonic wood passing each week at this frontier post towards caribeean ports in Venezuela, now only passes one or two trucks each week.
I don't see Venezuelan needs for sure help of gasoline, food, etc through this corridor so much questionable, but Brazil intentions in all this really scares me.
Trastor
Hey, eco man:
this is one of Lula-Chavez posibilities togheter:
..........."Chavez has on previous occasions lobbied for Petrobras and PDVSA to be merged. "...............
Trastor
----------------------------------------------------------------------
Chavez renews call for single Latin American oil company
--------------------------------------------------------------------
BRASILIA (AFX) - Venezuelan President Hugo Chavez renewed his call for the creation of a single Latin American oil company. In an interview with daily television programme Bom Dia Brasil, Chavez said 'Petroamerica' would comprise Petroleo Brasileira SA, Petroleos de Venezuela SA, Colombia's Ecopetrol, Petroperu, Petroecuador and Trinidad and Tobago's...
-----------------------------------------------------------------------
Source: AFX News - Asia
Date: 01/20/2003 09:55
Price: Free
Document Size: Very Short (86 words)
Document ID: MC20030120330000019
Subject(s): Commodities; Acquisitions & mergers; Venezuela; Brazil; Colombia; Peru; Oil & Petroleum
Document Type: Articles & General info
-----------------------------------------------------------------------
Chavez renews call for single Latin American oil company
------------------------------------------------------------------------
BRASILIA (AFX) - Venezuelan President Hugo Chavez renewed his call for the creation of a single Latin American oil company.
In an interview with daily television programme Bom Dia Brasil, Chavez said 'Petroamerica' would comprise Petroleo Brasileira SA, Petroleos de Venezuela SA, Colombia's Ecopetrol, Petroperu, Petroecuador and Trinidad and Tobago's Petrotrin.
The company would function as a multinational, coordinating its constituent companies' operations but falling short of a full six-way merger.
Chavez has on previous occasions lobbied for Petrobras and PDVSA to be merged.
newsdesk [at] afxnews.com
af/cdo/jms
© Copyright AFX 2003, All Rights Reserved.
this is one of Lula-Chavez posibilities togheter:
..........."Chavez has on previous occasions lobbied for Petrobras and PDVSA to be merged. "...............
Trastor
----------------------------------------------------------------------
Chavez renews call for single Latin American oil company
--------------------------------------------------------------------
BRASILIA (AFX) - Venezuelan President Hugo Chavez renewed his call for the creation of a single Latin American oil company. In an interview with daily television programme Bom Dia Brasil, Chavez said 'Petroamerica' would comprise Petroleo Brasileira SA, Petroleos de Venezuela SA, Colombia's Ecopetrol, Petroperu, Petroecuador and Trinidad and Tobago's...
-----------------------------------------------------------------------
Source: AFX News - Asia
Date: 01/20/2003 09:55
Price: Free
Document Size: Very Short (86 words)
Document ID: MC20030120330000019
Subject(s): Commodities; Acquisitions & mergers; Venezuela; Brazil; Colombia; Peru; Oil & Petroleum
Document Type: Articles & General info
-----------------------------------------------------------------------
Chavez renews call for single Latin American oil company
------------------------------------------------------------------------
BRASILIA (AFX) - Venezuelan President Hugo Chavez renewed his call for the creation of a single Latin American oil company.
In an interview with daily television programme Bom Dia Brasil, Chavez said 'Petroamerica' would comprise Petroleo Brasileira SA, Petroleos de Venezuela SA, Colombia's Ecopetrol, Petroperu, Petroecuador and Trinidad and Tobago's Petrotrin.
The company would function as a multinational, coordinating its constituent companies' operations but falling short of a full six-way merger.
Chavez has on previous occasions lobbied for Petrobras and PDVSA to be merged.
newsdesk [at] afxnews.com
af/cdo/jms
© Copyright AFX 2003, All Rights Reserved.
For more information:
http://library.northernlight.com/MC2003012...
Chavez: Early elections would amount to a coup
---------------------------------------------------------------------
Rio de Janeiro, Jan 20, 2003 (EFE via COMTEX) -- Venezuelan President Hugo Chavez has again rejected the idea of early elections, saying in an interview broadcast Monday on Brazilian television that such a concession would amount to a coup.
---------------------------------------------------------------------
Source: Agencia EFE
Date: 01/20/2003 10:18
Price: Free
Document Size: Very Short (275 words)
Document ID: FC20030120810000083
Subject(s): Efe; Brazil; Chile; Constitution; Coup; Food; Government; Labor; Mexico; Oil; Politics; Portugal; President; Spain; Strike; Television; Terrorism; Unions; Venezuela
-----------------------------------------------------------------------
Chavez: Early elections would amount to a coup
-----------------------------------------------------------------------
Story Filed: Monday, January 20, 2003 10:18 AM EST
Rio de Janeiro, Jan 20, 2003 (EFE via COMTEX) -- Venezuelan President Hugo Chavez has again rejected the idea of early elections, saying in an interview broadcast Monday on Brazilian television that such a concession would amount to a coup.
The Venezuelan opposition is calling for Chavez to either resign or hold immediate elections so voters can replace an administration it regards as "corrupt and incompetent."
"It's not possible to hold early elections. That would be a coup," Chavez told Globo television during an interview in Caracas.
Chavez said such a recourse is not contemplated in the Venezuelan constitution and that a referendum could only be held in August, at the midway point of his six-year term.
He again blasted as "terrorism" the indefinite general strike that entered its eighth week Monday and which has crippled the vital oil industry.
"What we have here is terrorism (designed) to overthrow a government. This is an economic elite and an illegitimate labor union leadership with a subversive plan," Chavez said.
The Venezuelan oil industry, one of the world's largest producers prior to the strike, has seen its output reduced to one-fourth of its capacity.
Fuel and several food items are scarce, hospitals are only attending to emergencies and the country's political climate is marked by high tension.
Meanwhile, a regional forum comprising representatives from Brazil, Spain, Mexico, Chile, the United States and Portugal - known as "Friends of Venezuela" - is being formed to seek a peaceful solution to the crisis.
ol/mc/dgm
http://www.efe.es
Copyright (c) 2003. Agencia EFE S.A.
KEYWORD: Rio de Janeiro
SUBJECT CODE: POL
BRAZIL
VENEZUELA
Copyright © 2003, Agencia EFE, all rights reserved.
---------------------------------------------------------------------
Rio de Janeiro, Jan 20, 2003 (EFE via COMTEX) -- Venezuelan President Hugo Chavez has again rejected the idea of early elections, saying in an interview broadcast Monday on Brazilian television that such a concession would amount to a coup.
---------------------------------------------------------------------
Source: Agencia EFE
Date: 01/20/2003 10:18
Price: Free
Document Size: Very Short (275 words)
Document ID: FC20030120810000083
Subject(s): Efe; Brazil; Chile; Constitution; Coup; Food; Government; Labor; Mexico; Oil; Politics; Portugal; President; Spain; Strike; Television; Terrorism; Unions; Venezuela
-----------------------------------------------------------------------
Chavez: Early elections would amount to a coup
-----------------------------------------------------------------------
Story Filed: Monday, January 20, 2003 10:18 AM EST
Rio de Janeiro, Jan 20, 2003 (EFE via COMTEX) -- Venezuelan President Hugo Chavez has again rejected the idea of early elections, saying in an interview broadcast Monday on Brazilian television that such a concession would amount to a coup.
The Venezuelan opposition is calling for Chavez to either resign or hold immediate elections so voters can replace an administration it regards as "corrupt and incompetent."
"It's not possible to hold early elections. That would be a coup," Chavez told Globo television during an interview in Caracas.
Chavez said such a recourse is not contemplated in the Venezuelan constitution and that a referendum could only be held in August, at the midway point of his six-year term.
He again blasted as "terrorism" the indefinite general strike that entered its eighth week Monday and which has crippled the vital oil industry.
"What we have here is terrorism (designed) to overthrow a government. This is an economic elite and an illegitimate labor union leadership with a subversive plan," Chavez said.
The Venezuelan oil industry, one of the world's largest producers prior to the strike, has seen its output reduced to one-fourth of its capacity.
Fuel and several food items are scarce, hospitals are only attending to emergencies and the country's political climate is marked by high tension.
Meanwhile, a regional forum comprising representatives from Brazil, Spain, Mexico, Chile, the United States and Portugal - known as "Friends of Venezuela" - is being formed to seek a peaceful solution to the crisis.
ol/mc/dgm
http://www.efe.es
Copyright (c) 2003. Agencia EFE S.A.
KEYWORD: Rio de Janeiro
SUBJECT CODE: POL
BRAZIL
VENEZUELA
Copyright © 2003, Agencia EFE, all rights reserved.
For more information:
http://library.northernlight.com/FC2003012...
Two commercial news about cisneros bussines.
Cisneros family is in no good position now, early elections in Venezuela means an urgent corporative coup because they must be loosing money, war is not cheap.
----------------------------------------------------------
1.- DirecTV Latin America: Co-owned by Cisneros Group of Media Companies is declaring bankruptcy due to Venezuelan and Argentinan Crisis.
2.- Panamco/COCA-COLA Venezuela owned by Cisneros is being sold.
----------------------------------------------------------
1.-
--------------
http://www.forbes.com/work/newswire/2003/01/15/rtr848150.html
DirecTV Latam threatens bankruptcy at end of Jan
Reuters, 01.15.03, 1:08 PM ET
Broadcasting and Publishing Labor
Media Employment
NEW YORK, Jan 15 (Reuters) - Hughes Electronics Corp.'s DirecTV Latin America, the region's largest pay television service, will consider filing for bankruptcy protection by the end of January if it makes no progress in restructuring its programming contracts, DirecTV Chief Executive Eddy Hartenstein told Reuters in an interview.
Hartenstein also said that DirecTV's U.S. service would be increasing prices in the second quarter in an effort to offset escalating programming costs.
DirecTV Latin America, which has endured subscriber losses and revenue declines as a result of economic troubles in the region, is seeking to restructure some of its dollar-denominated contracts with local programmers in an effort to cut costs.
"We hope to have agreements in principle with our partners by the end of January," Hartenstein said. "But if we are unable to do so, we will proceed with our options, which could mean putting DirecTV Latin America into bankruptcy at the end of this month."
In the U.S., Hartenstein said DirecTV planned to implement a price increase in the second quarter, but he declined to say by how much. "It's designed to keep our most popular package with local channels at the $39 price point," he said.
Copyright 2003, Reuters News Service
----------------
2.-
http://library.northernlight.com/FF20030120180000010.html?cb=0&dx=1006&sc=0
FEMSA comments on Venezuela crisis
Source: Internet Securities Inc.
Date: 01/20/2003 19:06
Price: Free
Document Size: Very Short (213 words)
Document ID: FF20030120180000010
Subject(s): Ltn; Army; Mexico; Military; Plant; Politics; Venezuela
FEMSA comments on Venezuela crisis
Story Filed: Monday, January 20, 2003 7:06 PM EST
MEXICO CITY, Jan 20, 2003 (El Universal/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- FEMSA had already taken Venezuela's social, economic and political decomposition into account before announcing the payment of US$3.6 billion to buy Panamco. The deal will close at the end of April, according to sources close to the negotiations, the seizure of one of the company's 18 bottlers by military forces in Venezuela will not alter the accord.Carlos A. Laboy, analyst at Bear Stearns, said that the move by the Venezuelan military would not affect the price of the operation. "We like the transaction. It does not change our vision of it," he said.The Venezuelan army took over the Panamco plant after considering it had run out of time to distribute the beverages it produces. According to El Universal de Venezuela, the soldiers then proceeded to distribute the product to the population.José Antonio Fernández, director of Coca-Cola FEMSA, said that 70% of the cash flow to be generated by the new merged company would be generated in Mexico. Company sources said that 25% of the operating results would be generated by Panamco.
URL: http://www.securities.com
Copyright 2003 Internet Securities, Inc., all rights reserved. A Euromoney Institutional Investor Company.
SUBJECT CODE: Indbev
Copyright © 2003, Internet Securities Inc., all rights reserved.
You may now print or save this document.
--------------------------------------------------------------
Copyright © 1997-2002, divine, inc. All rights reserved.
Terms of Service.
---------------------------------------------------------------
/trastor antycopyright/
CISNEROSWATCH - VENEZUELA
Cisneros family is in no good position now, early elections in Venezuela means an urgent corporative coup because they must be loosing money, war is not cheap.
----------------------------------------------------------
1.- DirecTV Latin America: Co-owned by Cisneros Group of Media Companies is declaring bankruptcy due to Venezuelan and Argentinan Crisis.
2.- Panamco/COCA-COLA Venezuela owned by Cisneros is being sold.
----------------------------------------------------------
1.-
--------------
http://www.forbes.com/work/newswire/2003/01/15/rtr848150.html
DirecTV Latam threatens bankruptcy at end of Jan
Reuters, 01.15.03, 1:08 PM ET
Broadcasting and Publishing Labor
Media Employment
NEW YORK, Jan 15 (Reuters) - Hughes Electronics Corp.'s DirecTV Latin America, the region's largest pay television service, will consider filing for bankruptcy protection by the end of January if it makes no progress in restructuring its programming contracts, DirecTV Chief Executive Eddy Hartenstein told Reuters in an interview.
Hartenstein also said that DirecTV's U.S. service would be increasing prices in the second quarter in an effort to offset escalating programming costs.
DirecTV Latin America, which has endured subscriber losses and revenue declines as a result of economic troubles in the region, is seeking to restructure some of its dollar-denominated contracts with local programmers in an effort to cut costs.
"We hope to have agreements in principle with our partners by the end of January," Hartenstein said. "But if we are unable to do so, we will proceed with our options, which could mean putting DirecTV Latin America into bankruptcy at the end of this month."
In the U.S., Hartenstein said DirecTV planned to implement a price increase in the second quarter, but he declined to say by how much. "It's designed to keep our most popular package with local channels at the $39 price point," he said.
Copyright 2003, Reuters News Service
----------------
2.-
http://library.northernlight.com/FF20030120180000010.html?cb=0&dx=1006&sc=0
FEMSA comments on Venezuela crisis
Source: Internet Securities Inc.
Date: 01/20/2003 19:06
Price: Free
Document Size: Very Short (213 words)
Document ID: FF20030120180000010
Subject(s): Ltn; Army; Mexico; Military; Plant; Politics; Venezuela
FEMSA comments on Venezuela crisis
Story Filed: Monday, January 20, 2003 7:06 PM EST
MEXICO CITY, Jan 20, 2003 (El Universal/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- FEMSA had already taken Venezuela's social, economic and political decomposition into account before announcing the payment of US$3.6 billion to buy Panamco. The deal will close at the end of April, according to sources close to the negotiations, the seizure of one of the company's 18 bottlers by military forces in Venezuela will not alter the accord.Carlos A. Laboy, analyst at Bear Stearns, said that the move by the Venezuelan military would not affect the price of the operation. "We like the transaction. It does not change our vision of it," he said.The Venezuelan army took over the Panamco plant after considering it had run out of time to distribute the beverages it produces. According to El Universal de Venezuela, the soldiers then proceeded to distribute the product to the population.José Antonio Fernández, director of Coca-Cola FEMSA, said that 70% of the cash flow to be generated by the new merged company would be generated in Mexico. Company sources said that 25% of the operating results would be generated by Panamco.
URL: http://www.securities.com
Copyright 2003 Internet Securities, Inc., all rights reserved. A Euromoney Institutional Investor Company.
SUBJECT CODE: Indbev
Copyright © 2003, Internet Securities Inc., all rights reserved.
You may now print or save this document.
--------------------------------------------------------------
Copyright © 1997-2002, divine, inc. All rights reserved.
Terms of Service.
---------------------------------------------------------------
/trastor antycopyright/
CISNEROSWATCH - VENEZUELA
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