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___
(55 61) 415-1140
BRASIL TELECOM PARTICIPAÇÕES S.A.
Publicly Traded Company
Corporate Taxpayer Registration CNPJ/MF: 02.570.688/0001-70
Board of Trade NIRE: 53 3 0000581 8
We hereby inform Brasil Telecom Participaç&otidle;es S.A.s (Company) shareholders that the Board of Directors of the Company, on a meeting held on January 28, 2003, approved the credit of Interest on Shareholders Equity, relative to fiscal year 2003, in a total amount up to R$122,000,000.00 (one hundred twenty two million reais), as pursuant to Article 9 of Law 9,249 of December 26, 1995 and to Comissão de Valores Mobiliários (CVM) Deliberation 207/96.
The total amount of Interest on Shareholders Equity that the Company decided to credit on March 2003, according to the Board of Directors deliberation, is R$52,000,000.00 (fifty-two million reais), which corresponds to a gross amount of R$0.146210844 per one thousand shares and an amount net of income tax of R$0.124279217 per one thousand common and preferred shares.
Eventual changes in the amount that will be paid per one thousand shares may occur as pursuant to Article 16 of CVMs Instruction 10, issued on February 14, 1980, considering that, the Board of Directors approved a shares buyback program, on a meeting held on December 27, 2002.
Income tax of 15% will be withheld from the amount of credit of Interest on Shareholders Equity, except for those shareholders proven to have fiscal exemption or with differentiated taxation.
The credit of Interest on Shareholders Equity, in the total amount of R$52,000,000.00 (fifty-two million reais), in the books of Brasil Telecom Participaç&otidle;es S.A., will occur on March 31, 2003.
As of April 10, 2003, Brasil Telecom Participaç&otidle;es S.A.s shares will trade Ex-Interest on Shareholders Equity, considering the shares deposited on April 9, 2003.
Interest on Shareholders Equity may be accounted for as dividends and is subject to approval of the 2004 Ordinary General Shareholders Meeting A.G.O., which will deliberate on the date of the payment.
Shareholders exempted from income tax or with differentiated taxation, according to the Brazilian tax legislation, shall prove such condition to the Custodian Bank Banco ABN AMRO REAL S.A., Gerenciamento de Acionistas de Terceiros, Av. Paulista, 1374/8o Andar Cerqueira Cesar, zip code 01.310-916 São Paulo SP, until April 25, 2003.
Brasília, Brazil, March 31, 2003.
Paulo Pedrão Rio
Investor Relations Officer
BRASIL TELECOM PARTICIPAÇÕES S.A.
/S/ Paulo Pedrão Rio Branco
Name: Paulo Pedrão Rio Branco
Title: Financial Executive Officer
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 of future 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.