Provided By MZ Data Products
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 6-K
 
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
 
For the month of January, 2006

Commission File Number 001-14491
 
 

TIM PARTICIPAÇÕES S.A.
(Exact name of registrant as specified in its charter)
 

TIM PARTICIPAÇÕES S.A.
(Translation of Registrant's name into English)
 

Av. das Américas, 3434, Bloco 1, 7º andar – Parte
22640-102 Rio de Janeiro, RJ, Brazil
(Address of principal executive office)
 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. 

Form 20-F ___X___ Form 40-F _______

 Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.  

Yes _______ No ___X____

TIM PARTICIPAÇÕES S .A . 
Payment of Interest on Own Capital 

  Paulo Roberto Cruz Cozza 
  Chief Financial Officer and Director of 
  Investor Relations 
Contacts               pcozza@timsul.com.br 
  Joana Serafim 
  Investor Relations 
  (21) 8113-0571 / 4009-3742 
  jserafim@timbrasil.com.br 
  Leonardo Marques Wanderley 
  Investor Relations 
  (21) 8113-0547 / (21) 4009-3751 
  lwanderley@timbrasil.com.br 
  Cristiano Alves Pereira
  Investor Relations 
  (21) 8113-0582 / (21) 4009-3751 
  cripereira@timbrasil.com.br 
  Website 
  http://www.timpartri.com.br 

Rio de Janeiro, January 18, 2006 – TIM Participações S.A. (BOVESPA: TCLS3 and TCLS4; and NYSE: TSU), the holding company of TIM Sul S.A. and TIM Nordeste Telecomunicações S.A., today announced payment of interest on own capital.

The Board of Directors of TIM Participações S.A. are hereby notified that, according to the decision of Board’s Meeting held on December 14, 2005, the Company will begin, January 26, 2006, to pay interest on own capital (JSCP) related to the fiscal year ended on December 31, 2005

1 – Amount of dividend and Interest on Own Capital (to be paid per 1,000 shares):

  Common Shares  Preferred Shares 
Gross amount of Interest on own capital  R$ 0,079583755   R$ 0,079583755 
Net amount of Interest on own capital  R$ 0,067646192  R$ 0,067646192

2.1. Payment directly by Stock Exchanges to the shareholders that participate in the fiduciary custody;

2.2. Payment through Banco ABN AMRO Real S/A branches, to those shareholders that are not included in the previous items.

 

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Rio de Janeiro, January 18, 2006.

 

Paulo Roberto Cruz Cozza
Chief Financial and Investor Relations Officer
TIM Participações S.A.

1

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



  TIM PARTICIPAÇÕES S.A.
 
Date: January 18, 2006 By: /s/ Paulo Roberto Cruz Cozza
    Name: Paulo Roberto Cruz Cozza
    Title: Chief Financial Officer