RIO DE JANEIRO, Brazil, Nov. 12 /PRNewswire-FirstCall/ -- TIM
Participacoes S.A. (NYSE: TSU; BOVESPA: TCSL3; TCSL4), which retains direct
control of TIM Celular S.A. and indirect control of TIM Nordeste S.A.,
providing nationwide telecommunication services in Brazil, announces that it
has filed its annual report Form 20-F for the fiscal year ended December 31,
2007 with the Securities and Exchange Commission on June 3, 2008. The annual
report can be accessed on TIM Participacoes S.A.'s investor relations website
at http://www.timpartri.com.br/tim/. TIM Participacoes will provide a hard
copy of the annual report containing its audited consolidated financial
statements, free of charge, to its shareholders and ADS holders upon request.
In compliance with Section 404 of the Sarbanes-Oxley Act of 2002, TIM
Participacoes management conducted an evaluation of the effectiveness of the
company's internal control over financial reporting and concluded that the
company's internal control over financial reporting was effective as of the
end of the company's fiscal year ended December 31, 2007. In addition, TIM
Participacoes' independent registered public accounting firm attested the
company's internal control over financial reporting is in accordance with the
standards of the Public Company Accounting Oversight Board (United States) and
reported that TIM Participacoes has maintained effective internal control over
financial reporting as of December 31, 2007.
About TIM Participacoes
TIM Participacoes is Brazil's largest personal mobile telephony operator,
employing GSM (Global System for Mobile Communications) technology. The
Company operates under its subsidiaries, TIM Celular S.A. and TIM Nordeste
S.A. TIM Participacoes has the largest mobile data transmission network in
Brazil, using GPRS (General Packet Radio Service) and EDGE (Enhanced Data
rates for Global Evolution) technologies, which enable internet connections
from any mobile device (laptops, personal digital assistants [PDAs] and mobile
handsets) without requiring a modem, at any time and in any location covered
by the Company's GSM network. 3G enhances data transmissions, making
competition possible in the broadband market. TIM Participacoes' shares are
traded on both the Sao Paulo Stock Exchange (Bovespa: TCSL3 and TCSL4) and the
New York Stock Exchange (NYSE: TSU).
SOURCE TIM Participacoes S.A.
