Page 33 - Telebrasil - Setembro/Outubro 1981

E C O N O M Y A N D F I N A N ­ However the cutting into service of current expansions

(Chart 4) and the increase in productivity have brought
C E S / In order to provide the financial equilibrium of some alleviation to the area, which permits the admission

the System, the National Telecomunications Fund (FNT) to a slow but secure return to the wanted balanced situa­

was transferred from Embratel to Telebrâs, with the pur­ tion. The correction of the economic distortions shown

pose of purveying to its administrative expenses, to its so­ into figure 1, shall secure the development take off with

cial policies and to the state pole-companies (operating rates such as to reacquire the necessary system accelera­

telcos) necessities. tion.

Graphic 2
To accelerate the development of local services, the state

companies started to receive approximately 90% of the toll

calls revenues. The autofinancing (that is the prospective

subscriber participation) together with the depreciation

which became accelerated and the updating of tariff Consolidated debt x Available Resources

values, as well as the establishment of multimetered ser­ Values in Cr$ billions of 1980

vices, contributed to increase the resources of the system

companies. With this, besides, the betterment of the grade Accumulated

of service, the repressed demand has also been satisfied. Consolidated transfer of
Debt FNT to FND

The creation of the vertical services, of DDD and IDD, Accumulated Debt minus
insufficiency of available resources

gave to the country a grade of service which approached remuneration

160,2
international technical standards, whereas the telephone
160,0- Cr$ bilhões
density, actually with 634 telephones per 100 inhabi­

tants. (see Table 3) is not still satisfactory.

140,0-
With the purpose of increasing the telephone volume

from 2 to 8 millions, in a short time delay, besides using

120,0
the already referred domestic resources, the system also

resorted to the international financing community.

100,0-

The high rate of the domestic inflation, the international

increase of the bank rates and the Cruzeiro maxidevalua­ 80,0-

tion, in 1980, resulted into great difficulties for several sys­

tem companies and in consequence, the acquisition con­ 60,0-

tracts decreased accordingly.

40,0-

The substantial transfer of part of the National Telecom­

munications Fund (FNT) to the National Development 20,0-

Fund (FND) contributed to aggravate the telecommunica­

tions area situation, mainly for the private enterprise sec­

1973 1974 1975 1976 1977 1978 1979 1980
tor, in which it was more felt the burden of the national

economy outlook, aggravated by the international reces­

sion.

Chart 5

PATRIMONIAL INDICATORS

( 1 .0 0 0 )

Capital Investment Indicators

In service Running Immobilized

1972 NA NA NA

1973 9.770.415 3.389.794 NA

1974 13.262.387 7.257.044 5.846.560

1975 18.136.198 13.103.690 10.265.240

1976 35.917.004 25.983.205 21.545.886

1977 63.924.555 30.302.057 22.227.480

1978 140.259.179 50.755.901 25.843.718

1979 255.320.755 78.072.945 40.589.849

1980 340.836.900* 102.819.800* 55.377.400*

Preliminary Data

NA = Not available