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/ir | |
| 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 |
NOTICE TO THE MARKET
BRASIL TELECOM S.A. and BRASIL TELECOM PARTICIPAÇÕES S.A. hereby inform the market that, as a continuation of the ownership restructuring process in the Internet group companies, described in the Minutes of the Meeting of Brasil Telecom S.A.’s Board of Directors, held on February 26, 2008, and the consequent signing of the “Public Instrument of Transaction, Renunciation, and Settlement” described in the Material Fact dated April 25, 2008, the shareholders of its indirectly-held subsidiary, Internet Group (Cayman) Limited (“IG Cayman”), a company based in the Cayman Islands, decided on April 24, 2008 to buy back the company's shares, as permitted by the Company's Bylaws, in favor of Invest III, Inc and Global Investment and Consulting, Inc, for the sum of US$11,722,192.00.
At the end of this process, BrT Serviços de Internet S.A. will own 100% of the shares of IG Cayman.
Brasília, April 29, 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
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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.