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	<title>Stock Blog Hub &#187; Brasil Telecom Participacoes S</title>
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		<title>(TNE) Tele Norte Leste Participações S.A. Deep in Debt</title>
		<link>http://www.stockbloghub.com/2009/08/24/tne-tele-norte-leste-participacoes-s-a-deep-in-debt/13218</link>
		<comments>http://www.stockbloghub.com/2009/08/24/tne-tele-norte-leste-participacoes-s-a-deep-in-debt/13218#comments</comments>
		<pubDate>Mon, 24 Aug 2009 20:44:22 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[Telecom Services - Foreign]]></category>
		<category><![CDATA[Brasil Telecom Participacoes S]]></category>
		<category><![CDATA[BRP]]></category>
		<category><![CDATA[Tele Norte Leste Participacoes]]></category>
		<category><![CDATA[TNE]]></category>

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		<description><![CDATA[Last week, Tele Norte Leste Participações S.A. (TNE) posted disappointing results for the second quarter of 2009. Its net debt increased 12.7% sequentially and about 278% year over year to R$21,638 million (US$10,353 million). This was due to higher capex expenses Incorporatedluding a third-generation service license for its 3G mobile set up in São Paulo and the takeover of Brasil Telecom Participações (BRP). During the quarter, the company acquired a 55% stake in Brasil Telecom for R$12.4 billion. At the end of second quarter, net debt represented 2.2 times Tele Norte’s consolidated EBITDA in the last 12 months. We understand that rising debt will increase financial expenses in the short term and will have an impact on the company’s future earnings. The company reported a quarterly net loss of R$146 ]]></description>
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