This last Friday TSU lost close to 2% at the NYSE and 5% at the Bovespa partially due to losses in both markets, primarily due to the fiscal cliff discussions, this also pressured by the fact that the Brazil telecommunications agency, ANATEL, blocked a new TSU promotion which was intended to boost calls in between TSU lines. The agency wants TSU to prove its telecommunications infrastructure is capable of handelling all hese new calls and traffic. TSU has not made any public statement yet. Previously, the stock was moving up in a +10% trend basis.
Long on TSU, but also cautious on local regulations.