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Brasil Telecom Participações SA - Company Report
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Company Reports are concise reports that provide a review of the company's activities, corporate strategy and recent developments.
Brasil Telecom Participações SA is the leading provider of fixed-line networks in 'Region II' in Brazil, which covers the states of Acre, Rondônia, Mato Grosso, Mato Grosso do Sul, Tocantins, Goiás, Santa Catarina, Paraná, and Rio Grande do Sul, located in the northern, western, central and southern regions of Brazil, as well as the Federal District (Brasilia, the capital of Brazil). The states in Region II cover an area of approximately 2.8 million square kilometres, representing 33% of Brazil's total area and generating 27% of the country's Gross Domestic Product (GDP). The region has a population of approximately 44 million inhabitants, representing approximately 24% of the population of Brazil. Brasil Telecom's region includes four metropolitan areas with populations in excess of one million inhabitants, including Brasilia. Brasil Telecom Group is composed on companies engaged in the provision of local fixed-line telephone, domestic and international long-distance fixed-line telephone, wireless telephone, and data transmission services, as well as data centre services, Internet, and real estate management. Brasil Telecom is one of the fixed-line telecommunications companies that resulted from the breakup and privatisation of Telebrás by the Brazilian Federal Government in 1998. In the privatisation process, Brasil Telecom was allocated all the share capital held by Telebrás in the following operating companies: Telecomunicações de Santa Catarina S.A. (Telesc), Telecomunicações de Goiás S.A. (Telegoiás), Telecomunicações de Brasília S.A. (Telebrasília), Telecomunicações do Mato Grosso S.A. (Telemat), Telecomunicações do Mato Grosso do Sul S.A. (Telems), Telecomunicações de Rondônia S.A. (Teleron), Telecomunicações do Acre S.A. (Teleacre), Companhia Telefônica Melhoramento e Resistência (CTMR), and the company's predecessor, Telecomunicações do Paraná S.A. (Telepar) and CRT, a company formerly controlled by Telefônica S.A. and acquired by Brasil Telecom in July 2000. These companies provided fixed-line telecommunications services in the states and the Federal District that formed Region II. In July 1998, the Federal Government sold all its voting shares in Brasil Telecom Participações to private sector buyers. As a result of the merger of Telepar, Telesc, Telegoiás, Telebrasília, Telemat, Telems, Teleron, Teleacre, CTMR, and CRT, ultimately turning into Brasil Telecom Participações' subsidiary, Brasil Telecom SA, Brasil Telecom became the leading local and intraregional fixed-line telecommunications service provider in Region II. In January 2004, Brasil Telecom received certification by Brazil's telecommunications regulator, Anatel, that it had accomplished its universalisation targets and was authorised to offer local, domestic, and international fixed-line telephone services, originating inside or outside Region II. The company was also granted authorisation to launch mobile communications services in Region II. Brasil Telecom Participações SA's Common Shares and Preferred Shares are traded on the Bolsa de Valores de São Paulo (the São Paulo Stock Exchange). At December 31, 2006, the company had approximately, 1,732,236 shareholders. Brasil Telecom Participações SA's Preferred Shares are also listed on the New York Stock Exchange in the form of American Depositary Shares (ADSs), with each ADS representing 5,000 Preferred Shares. Only the Common Shares have full voting rights. At December 31, 2006, Solpart owned approximately 51.0% the common stock of Brasil Telecom Participações SA. At December 31, 2006, Techold, Brasilco SrI (Telecom Italia International (TII)) and Timepart owned approximately 61.98%, 38.00% and 0.02%, respectively, of the voting and capital stock of Solpart.
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