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 will allow us to increase the number of pay-per-view channels and offer new atualizsda such as audio channels containing a variety of music packages, near video-on-demand and an interactive programming guide.
International investors generally consider Brazil to be an emerging market. We and our various lenders and debt holders are currently engaged in negotiations with regard to a restructuring of our debt facilities and instruments.
lei 10683 de 28 de maio de 2003 atualizada pdf file
We may explore raising additional capital by selling shares, convertible securities or other equity-linked securities. Leite and our other major shareholders at that atualizadz, sold their interests in Multicanal to Atualizadq.
Various employees in the sales and telemarketing sector have brought labor claims against us for payment of overtime on the grounds that their time worked be recorded. Our business, financial condition and results of operations may be adversely affected by such changes in policy as well as other atualisada outside of our control such as: We describe our significant accounting policies, including the critical accounting policies discussed below, in note 3 to our consolidated financial statements.
For instance, if we fail to timely provide the depositary atializada voting materials, you may not be able atualizad vote by giving instructions to the depositary on how to vote for you. We are party to several other civil, tax and labor lawsuits. Our corporate affairs are governed by our by-laws and the Brazilian corporate law, which differs from the legal principles that would apply if we were incorporated in a jurisdiction in the United States, such as Delaware or New York, or in other jurisdictions outside Brazil.
Brazil has, from time to time, experienced extremely high rates of inflation, with annual rates of inflation during the last ten years reaching as high as 1, This ordinance established Cable Television Rule No.
Our network upgrades going forward will be conducted on a highly targeted basis in order to optimize the return from our capital investments. The majority atulizada free television services are broadcast by six privately-owned national broadcast television networks and a government-owned national public television network. We moved to a day past due disconnection policy in late and to a day past due disconnection policy 106883 early You may face difficulties in proceedings with respect to your interests as a shareholder, because we are a Brazilian company.
Our lawsuits claim that the federal government improperly exceeded its taxing authority when it attempted to broaden the atalizada base for PIS and COFINS because this calculation base does not fall within the concept of income as defined in the Federal Constitution and that the COFINS rate increase was invalid as a discriminatory tax because it permitted taxpayers that paid certain atualizaad taxes on profits to claim credits against the increased liability.
Net Brasil provides programming to us and Sky Brasil on substantially the same terms and conditions. We constantly monitor subscriber perception, competition, pricing and service preferences to increase our responsiveness to our subscribers.
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The following table sets forth, as of December 31,the percentage of the homes in Region 1 passed by our cable networks with the bandwidth capacity indicated: Through this targeted marketing approach, we hope to encourage existing customers to migrate to higher-end programming packages and purchase value-added services, and to increase penetration of Class A and B homes the top two Brazilian socio-economic tiers established by IBGE currently passed by our network.
The following table shows the commercial selling rate in reais per U. We maintain our network by employing, as of December 31,a maintenance crew of approximately employees and approximately 49 independent contractors. Globopar is controlled by the family of Mr. High rates of churn could negatively affect our revenues and profitability.
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Inwe changed the estimated useful lives of our cable plant to reflect our evaluation of the positive impact of new services that could be provided through our cable network, in conjunction with industry practice. The equity investors lack one or more of the following essential characteristics of a controlling financial interest: However, our audited consolidated financial statements and the selected financial data set forth below are presented in U.
We did not collect data on the total number of blocked subscribers prior to In lieu of amortization, we were required to perform an initial impairment review of our goodwill in Duringdue to weakness 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. These include the non-payment of our debt that has come due since December 2,reductions in capital expenditures, cost-cutting initiatives, negotiated deferrals of amounts payable to equipment suppliers and deferrals of programming fees.
Brazilian political and economic conditions have a direct impact on our business and the market price of the preferred shares and the ADSs.
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Improve customer satisfaction by providing reliable, high quality services and responsive customer interaction. Any increases in programming costs that we are unable to pass on to our customers would adversely affect our cash flows and operating margins.
Indicate by check mark whether the registrant 1 has filed all reports required to be filed by Section 13 or 15 d of atualizads Securities Exchange Act of lel the preceding 12 months or for such shorter period that the Registrant was required to file such reports and 2 has been subject to such filing requirements for the past attualizada days.
The license may, however, be transferred to a subsidiary company controlled by the licensee, by hereditary succession or by a spin-off transaction before the commencement of cable television services. DBS tends to entail higher monthly subscription fees than cable. We rely on the following factors and initiatives to continue to limit our churn: Forwe plan to continue to examine additional cost-cutting initiatives.
Decreased foreign investment in Brazil could negatively affect growth and liquidity in the Brazilian economy, which in turn could have a negative impact on our business. Fair value is the amount at which the asset could be bought or sold in a current transaction between willing parties and may be estimated using a number of techniques, including quoted market prices or valuations by third parties, comparison to market multiples, comparison of similar recent sales transactions and discounted cash flows.
Net Brasil also provides this service for other pay-television companies, principally Sky Brasil, a DBS provider that Globopar owns a significant interest in, along with cable television providers that operate outside of our licensed territories. Vicom was founded in to establish a nationwide data network using satellite technology.
We have begun to focus our marketing efforts on our existing customer le and potential customers already passed by our network. Our entry into the Novo Mercado could adversely affect holders of preferred shares by eliminating their dividend preference and negatively impact the trading market for the preferred shares. In particular, the terms of these agreements restrict our ability and the ability of our subsidiaries to: Also, we cannot assure you that in the event of a sale or liquidation of assets, our subsidiaries would maintain the technical and financial capacity to render regular cable television services.