SAO PAULO, Brazil, May 29 /PRNewswire-FirstCall/ -- The Managements of
VIVO Participacoes S.A. ('Vivo Part.') (Bovespa: VIVO3 [ON = Common Shares] /
VIVO4 [PN = Preferred Shares]; NYSE: VIV), Telemig Celular Participacoes S.A.
('TCP') and Telemig Celular S.A. ('TC') (jointly referred to as 'Companies'),
in compliance with and for the purposes of CVM Instruction Nr. 319/99 and
358/02, and complementing the Notice of Material Fact released on March 20,
2009, hereby inform that the respective Board of Directors approved on this
date the terms and conditions of the Corporate Restructuring for the merger of
shares of TC into TCP and of TCP into Vivo Part.
The Companies understand that the simplified structure will reduce
administrative costs and allow the shareholders of the Companies to
participate in a single company with shares traded on the Brazilian and
International stock exchanges, increasing liquidity and facilitating the
unification, standardization and rationalization of the businesses.
To download the complete version of the Company's Notice of Material Fact,
please visit our website: www.vivo.com.br/ir .
SOURCE VIVO Participacoes S.A.
