Tele Norte Leste Participacoes SA (ADR) (NYSE:TNE.DL)
CAPS Rating:
A telecommunication services provider, which offers communications product portfolio that includes traditional fixed-line, mobile, broadband, ISP and other services to residences, consumers, small, midsize and large business users and government entities.
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Stable growth in a growing economy with a favorable exchange rate to US. The real is going to continue regaining ground vs. the dollar, combined with the exit from the global down-turn, and the rising middle-class in Brazil, this is a stock to own for the nex 2-3 years.Excellent cash on hand and infrastructure.