PRIVATIZATION OF THE YEAR: Cashing in on Telebrás

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Partly by luck, but as much because it was well structured, well organized and guaranteed to run to deadline, Brazil's auction of the state's controlling stake in telecoms provider Telebrás was a roaring success. Michael Peterson reports on why it came out as Euromoney's privatization of the year. Also, Brian Caplen looks at other notable Latin American deals and deal-makers of the year.