  The current pattern of competition in the Brazilian telecommunications market
was defined by a regulatory reform implemented in the second half of the
nineties. The telecommunications regulatory reform discussed in the paper
promoted the privatization of Telebras System and fostered competition in the
Brazilian market under the stricted supervision of the new regulator Anatel.
Notwithstanding, the regulatory Brazilian scheme is at a crossroads. From 2002
on an open market approach will be implemented in telecom arena. We analyse the
main aspects of those change, from the firms perspective and also in a broad
scenario under influence of the World Trade Organization system
