PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
Brasília, D.F., 71.215-000
Federative Republic of Brazil
annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F ______
in paper as permitted by Regulation S-T Rule 101(b)(1)__.
in paper as permitted by Regulation S-T Rule 101(b)(7)__.
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___
registrant in connection with Rule 12g3-2(b):
| Investor Relations | |
| (55 61) 3415-1140 | |
| ri@brasiltelecom.com.br | |
| www.brasiltelecom.com.br/ri | |
| Media Relations | |
| (55 61) 3415-1378 | |
| cesarb@brasiltelecom.com.br |
| Free Translation | |
| BRASIL TELECOM S.A. | BRASIL TELECOM PARTICIPAÇÕES S.A. |
| Publicly-held Company | Publicly-held Company |
| Corporate Taxpayer’s ID (CNPJ/MF): | Corporate Taxpayer’s ID (CNPJ/MF): |
| 76.535.764/0001-43 | 02.570.688/0001-70 |
| Corporate Registry: 53 3 0000622-9 | Corporate Registry: 53 3 0000581- 8 |
Brasil Telecom Clarifies CVM’s Queries
Pursuant to letters CVM/SEP/GEA-4/Nº 010/08 of January 18, 2008, from the Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários - CVM) regarding the oscillation in volume and price last week of the stocks of Brasil Telecom Participações S.A. and Brasil Telecom S.A. (jointly, the “Companies”), and various stories released in the press during the same week, the companies clarify that:
| (1) | The Companies have no involvement whatsoever in any transaction(s) by their controlling shareholders involving the sale of shares in such shareholders’ subsidiaries and associated companies. |
| (2) | The Companies have not entered into any merger, acquisition or sale agreement, not even a preliminary one, with Oi/Telemar or with any other company or investment vehicle. |
| (3) | Regarding the oscillation in volume and price in the Companies’ stocks that occurred during the last week, the Companies are not aware of any act or material fact, which has not yet been announced, that justifies such oscillation. |
The Companies further advise that, due to the news regarding a possible transaction involving their controlling acquisition by Oi/Telemar, they have kept in touch with Brasil Telecom’s controlling group (Solpart Participações S.A., Techold Participações S.A., Invitel S.A. and Zain Participações S.A., referred to below as the “Controlling Companies”). The controlling companies have repeatedly published clarification and they once again confirm as follows:
“As is well known to the shareholders of the Companies and the market in general, the Controlling Companies, with the help of specialist advisers, have evaluated various strategic options for their shareholdings in the Companies.
The Controlling Companies would like to emphasize that, notwithstanding rumors to the contrary, and despite discussions in relation to this subject, they have not taken any decision regarding the corporate restructuring of the Companies, nor have they entered into any merger, acquisition or
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sale agreement, not even of a preliminary nature, with Oi/Telemar or with any other company or investment vehicle.
Furthermore, the Controlling Companies, pursuant to the applicable legislation and regulations, shall promptly disclose any future material act or fact that has a bearing on this matter.”
Brasília, January 20, 2008.
Paulo Narcélio Simões Amaral
Investor Relations Officer
Brasil Telecom Participações S.A.
Brasil Telecom S.A.
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BRASIL TELECOM PARTICIPAÇÕES S.A. |
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By: |
/S/ Paulo Narcélio Simões Amaral
|
|
Name: Paulo Narcélio Simões Amaral
Title: Chief Financial Officer |
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This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.