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.
MATERIAL FACT
TIM PARTICIPAÇÕES S.A.
Publicly Held Company
CNPJ/MF 02.558.115/0001 -21
As required by Instruction No. 358 of January 3, 2002, enacted by Comissão de Valores Imobiliários (CVM) (the Brazilian Securities Commission), TIM Participações S.A. (TIM), a publicly-held corporation, hereby reports to the public the following information:
On June 30, 2006, our controlling shareholder, TIM Brasil Serviços e Participações S.A. (Controlling Shareholder) decided to request CVM to cancel the request of secondary and partial public offering of shares issued by TIMPart and held by the Controlling Shareholder, such offering request filed with CVM on May 15, 2006. The Brazilian offering was part of an international offering which is also canceled.
The cancellation is due to negative performance and increased volatility of the equity markets.
Rio de Janeiro, July 3, 2006
TIM Participações S.A.
Stefano De Angelis
Chief Investors Relations Officer
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
TIM PARTICIPAÇÕES S.A. | ||
Date: July 03, 2006 | By: | /s/ Stefano De Angelis |
Name: Stefano De Angelis | ||
Title: Chief Financial Officer |