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Tele Norte Leste Participacoes S.A. (NYSE-Listed TNE) visits the NYSE to celebrate the company’s 10th anniversary of trading. In honor of the occasion, CEO Luiz Eduardo Falco rings The Closing Bell®.
Tele Norte Leste Participacoes S.A.
Tele Norte Leste Participacoes S.A., a telecommunications company, together with its subsidiaries, provides telecommunication services in Brazil and South America. The company offers local fixed-line services in Region I, II, and III, including installation, monthly subscription, measured service, collect calls, and supplemental local services; network usage services, such as interconnections; and mobile telecommunications services. It also provides public telephone services; and intraregional and interregional domestic long-distance and international long-distance services placed through fixed-line and mobile telephones using its long-distance carrier selection code. In addition, the company involves in data transmission services comprising asymmetric digital subscriber line; switching packs and frame relay; the lease of digital and analog lines to corporate customers, telecommunications service providers, and Internet service providers; and Internet protocol and other data transmission services. Further, it offers value-added services, including voicemail, caller ID, and directory assistance; voice services to corporate customers, such as 0800 (toll free) services; and pay and subscription television network supports advanced services, including prepaid and toll-free products. The company serves residential clients; small, medium, and large companies; and governmental agencies. As of December 31, 2007, its mobile network covered 986 municipalities in Region I consisting of 4,795 active radio base stations; and 15.9 million mobile subscribers. The company was founded in 1998 and is based in Rio de Janeiro, Brazil.
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