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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|
|+1 (212) 983-1702|
|BRASIL TELECOM S.A.||BRASIL TELECOM PARTICIPAÇÕES S.A.|
|Publicly-held Corporation||Publicly-held Corporation|
|Corporate Taxpayers Registry
|Corporate Taxpayers Registry |
|Board of Trade 53 3 0000622 9||Board of Trade 53 3 0000581 8|
BRASIL TELECOM S.A. (BrT) and BRASIL TELECOM PARTICIPAÇÕES S.A. (BTP), in compliance with CVM Instruction 358/02, publicly announces the following:
Calais Participações S.A. (Calais), a company in which BrT holds exclusively preferred shares with no voting rights, presented an amendment to its original bid to WorldCom, Inc., for the acquisition of the controlling stake in Embratel Participações S.A. (Embratel);
In this amendment, Calais has increased its bid to WorldCom, Inc. from US$396 million to US$470 million against the acceptance of this offer by the sellers. This payment will be carried out through the acquisition of debt instruments issued by WorldCom, Inc. that will be used for the payment of the total price offered by Calais for the acquisition of the controlling stake in Embratel, which continues to correspond to the amount of US$550 million. This transaction is subject to obtaining the necessary approval of the National Telecommunications Agency Anatel;
The amendment to the original bid was due to the increase in the competitors offer and reflects the understanding by Calais that the acquisition structure of the controlling stake in Embratel complies with all the norms and regulations currently effective and has the objective of keeping Calais in the ongoing competitive sale process, thereby offering the sellers all the guarantees and instruments that demonstrate and make unquestionable the superiority of Calais offer.
Brasília, April 23, 2004.
Paulo Pedrão Rio Branco
BRASIL TELECOM PARTICIPAÇÕES S.A.
/S/ Paulo Pedrão Rio Branco
Name: Paulo Pedrão Rio Branco
Title: Financial Executive Officer