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.
TIM PARTICIPAÇÕES S.A.
Publicly-held Company
CNPJ/MF 02,558,115/0001-21
NIRE 33,300,276,963
ANNOUNCEMENT TO THE MARKET
TIM Participações S.A. hereby informs the market that the Company received on the date hereof from its indirect controlling shareholder, Telecom Italia S.p.A., a corporation organized and existing in accordance with Italian laws, a Press Release (Comunicato Stampa) which English version reads as follows:
TELECOM ITALIA: TIM BRASIL AND BRASIL TELECOM LICENCE
OVERLAPS RESOLVED AFTER OK FROM BRAZILS
TELECOMMUNICATIONS AUTHORITY (ANATEL)
Transfer of 38% of Solpart (the holding which controls Brasil Telecom) to newco
Brasilco S.r.l. completed today
Milan, 27 October 2006 Telecom Italia today finalized the transfer of its 38% stake, held through subsidiary Telecom Italia International, in Solpart (the holding which controls Brasil Telecom) to Brasilco S.r.l, a newco held by an English law Trust. This follows its approval by ANATEL on 18 October 2006.
With this operation, Telecom Italia has ceded ownership of the Solpart stake (while remaining its beneficiary) and the relative governance rights, resolving the mobile and long distance licence overlaps between Tim Brasil and Brasil Telecom
to the benefit of all parties involved, including Brasil Telecom and its shareholders.
Rio de Janeiro, October 27, 2006
Stefano De Angelis
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: October 29, 2006 | By: | /s/ Stefano De Angelis |
Name: Stefano De Angelis | ||
Title: Chief Financial Officer |