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.
Yes _______ No ___X____
Tele Centro Oeste
Celular Participações S.A.
CNPJ n° 02.558.132/0001-69
a publicly-held company
AND
Telesp Celular
Participações S.A.
CNPJ n° 02.558.074/0001-73
a publicly-held company
Relevant Fact
Tele Centro Oeste Celular Participações S.A. (“TCO”) and Telesp Celular Participações S.A. (“TCP” and, collectively with TCO, the “Companies”) hereby provide the following information with respect to the merger of shares of TCO into TCP for the conversion of TCO into TCP's wholly-owned subsidiary (“Merger of Shares”):
At a meeting held on December 26, 2003, the Brazilian Securities and Exchange Commission - CVM opined to the effect that the Merger of Shares “violates applicable laws”.
After having reviewed the decision of CVM, the Companies continue to understand that the transaction was structured, disclosed and is proposed to the shareholders in compliance with the applicable laws, in addition to awarding an equal treatment to the shareholders concerned. For this reason, the managements of both Companies will review the situation in order to issue a recommendation to their shareholders as to the Merger of Shares. Until such time, the Companies have decided to suspend the shareholders' meetings scheduled for January 7, 2004.
São Paulo, December 29, 2003.
| Telesp Celular Participações S.A. | Tele Centro Oeste Celular Participações S.A. |
| Fernando Abella | Luis André Carpintero Blanco |
| Finance and Investors Relations Officer | Finance and Investors Relations Officer |
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TELE CENTRO OESTE CELLULAR HOLDING COMPANY
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| By: |
/S/
Luis André Carpintero Blanco
| |
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Luis André Carpintero Blanco
Investor Relations Officer
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