Dec 14, lei de 28 de maio de 10, Parágrafo Terceiro – Compete à Diretoria exercer as atribuições que a Lei, o Estatuto Social e o Conselho de . da Companhia e o valor pago em bolsa, pelas ações da Companhia neste período, devidamente atualizado. Dec 11, (Available from ccivil_03/Leis/. Lhtm. Accessed 8/12/). BRAZIL. Law No , of 25 November.
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This assessment is due to a difference in the way we and the State Tax Authorities classify analogical decoders for use in pay-television systems.
The licenses are for a term of qtualizada years, and are automatically renewable, subject to: Duringdue to taualizada in our business and liquidity position, we deferred toa significant amount of payments due to equipment suppliers and to anda significant amount of payments due to programmers.
We and our lie lenders and debt holders are currently engaged in negotiations with regard to a restructuring of our debt facilities and instruments. You may not be able to exercise the preemptive rights relating to the preferred shares, including preferred shares underlying ADSs, unless a registration statement under the Securities Act is effective with respect to those rights or an exemption from the registration requirements is available.
Since, their work is performed off company premises, we do not record their hours worked. As we introduce digital cable, we will target our network upgrades on neighborhoods that serve a larger proportion of high-income homes. FIN 46 applies immediately to variable interest entities created after January 31,and to variable interest entities in which an enterprise obtains an interest after that date.
We currently hold 46 licenses to operate pay-television systems in 44 cities. In general, cable television licenses athalizada be granted pursuant to a public bidding process currently being administered by Anatel. Within this general trend of depreciation, the Brazilian currency has shown high volatility. DBS systems use medium- or high-power satellites to deliver signals to satellite dish antennas installed at residences, hotels and other buildings.
Renewal leo the cable television license by Anatel is assured if the cable system lfi has i complied with the terms of the license grant and applicable governmental regulations and ii agrees to meet certain technical and economic requirements relating to the furnishing of adequate service to subscribers, including system modernization standards. Our headends typically receive programming content via satellite and then amplify, process and feed this signal into a distribution path that reaches the athalizada.
lei 10683 de 28 de maio de 2003 atualizada pdf file
Unless otherwise specified, certain amounts stated in this Form F in U. In the opinion of our management, all adjustments necessary to present fairly this pro forma financial data have been made.
The Brazilian custodian for the preferred shares must obtain an electronic certificate of registration from the Central Bank to be entitled to remit U. The selected consolidated statement of operations data for each of the three years in the period ended December 31, and the selected consolidated balance sheet data as of December 31, and set forth below are derived from our audited consolidated financial statements included elsewhere in this Form F.
Our long-term marketing objective is to increase our market penetration and growth in revenue per household. Our network currently operates in major cities located throughout Brazil, including: Sky Brasil offers Ku-Band technology to its subscribers and operates under the Sky brand.
In the second half ofwe and our various lenders and debt holders commenced negotiations with regard to a restructuring of our debt facilities and instruments, and these negotiations are still taking place.
Our network upgrades going forward will be conducted on a highly targeted basis in order to optimize the return from our capital investments. DBS services offered in Brazil by Brazilian and international media consortia, including: Much of the programming we purchase through Net Brasil is produced by our affiliate Globosat, which is wholly owned by Globopar.
We refer to households in these tiers as Class A and Class B households. As such, we conduct our cable television and related activities through a group of 29 operating companies that we have acquired and developed over the past decade.
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High rates of churn could negatively affect our revenues and profitability. Technological advances could require us to expend substantial financial resources in the development or implementation of new technologies in order to prevent our services from becoming obsolete.
These include a variety of sporting events, musical concerts by national and international artists, and movies. The main purpose of this reform was the transfer of the control and operation of the services from the state to private companies. See note 2 to our consolidated financial statements. Pursuant to our agreement and ongoing arrangements, we pay to Net Brasil a fee comprised of two parts: In addition, most of our subsidiaries have brought actions to review and reduce the amounts charged for the lease of poles.
Duringwe made significant investments in atualizdaa two-way communication to allow deployment of our new broadband Internet access services.
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These measures include, among other things, seeking to i reduce our near-term debt service obligations to levels that can be serviced with operating cash flows, atualizadz limit the impact of future exchange rate volatility by converting a portion of dollar-denominated debt to real-denominated debt, iii atuslizada certain financial and other covenants in our debt facilities and instruments, iv increase our equity capital, v optimize our capital expenditures and vi cut our operating costs.
Supported by the opinion of our external legal counsel, we have presented our defense to this assessment. Only a limited number of households currently use the Internet in Brazil.
Accordingly, we have no direct contracts with any programming providers. In building our network and marketing our services, we have focused primarily on Class A and B households, which have the largest disposable income available to purchase our services, particularly value-added services.
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Decree 2, and Ordinance No. The Federal Internal Revenue has brought an action against us alleging atualozada we treated atualizafa acquisition costs of fixed assets as an operational expense, which resulted in lower profits for the fiscal year ended on December 31, As of March 31,Distel owned Maximizing customer satisfaction is a key element of our business strategy.
Our business is managed by a small number of key senior managers. We may also need to fund additional capital expenditures to keep pace with technological developments, and we cannot assure you that we will be able atualizaa fund such capital expenditures. While we believe that the current level of reserves is adequate, changes in the future could impact these determinations. In order to attract and retain pay-television subscribers, we are committed to continuing to offer an appealing variety of quality programming, coupled with a range of programming packages.