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Shareholders Services |
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Shareholders From Expansion Plans/Former Telebrás Shareholders |
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 What happened to Telebrás System |
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| Telebrás was a holding company controlled by the Government with interest in various telecommunications companies in Brazil. In May of 1998 Telebrás was broken up into 12 holding companies, each one responsible for some of the Telebrás ownership interest. Embratel Participações S.A. is one of these 12 holding companies bearing controlling interest in Empresa Brasileira de Telecomunicações S.A - Embratel. The Government sold its controlling stake in a privatization auction in July of 1998. |
| What happened to shareholders |
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The former Telebrás shareholders became shareholders of each of the 12 holding companies with precisely the same number of Telebrás shares they held. For instance, a holder of 1,000 Telebrás shares became holder or 1,000 shares of Embratel Participações, 1,000 shares of Telesp Participações, 1,000 shares of Tele Norte Leste Participações, 1,000 shares of Tele Norte Leste Participações, and so on, covering the 12 holding companies.
Subscribers who bought a telephone line of the expansion plan from 1975 to 1995 through a local telco are entitled to the shares of former Telebrás.
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| What to do if you think you are a former Telebrás shareholder |
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Go to the depositary bank of your local telco or otherwise go to the telco office itself. If your name is not registered there, the bank or the telco will assist you on how to arrange the documentation required for your shareholder identification.
If you are not listed in the electronic shareholder registration of the depositary bank and if you have the documentation proving that your are entitled to the shares of former Telebrás, please go to the local telco where your expansion plan was acquired and order your shareholder identification.
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