At a press conference held Monday, July 15, Luiz Antônio Viana, CEO of Net, announced the formalization of a new shareholder agreement and publication shortly of a communiqué setting out the characteristics of the forthcoming public offering of new shares. The issue has been registered with CVM, the securities and exchange regulator, and the capitalization process will be completed by the end of July, he said. UBS and BBA will underwrite the issue, and BBA is also providing its own surety, converting 24 million reals worth of debentures. The road show will begin at Abamec, the association of financial analysts. Other venues and dates haven?t been released.
Expansion plan
Luiz Antônio Viana sidestepped questions about Net?s strategic plans and wouldn?t go into detail on digitization. He confirmed reports that Microsoft won?t be participating in the capital injection. It?s more important as a strategic partner, according to Mr Viana. He presented an institutional film that will be exhibited on channel 37, Net?s programming guide, in which he is featured talking about the organization, admitting that ?customer service is very poor?, and announcing changes designed to improve the quality of service. For example, EDS has been retained to run the call center, an ombudsman has been appointed, and several enhancements are planned for Virtua, the broadband Internet service.
New money
