SECURITIES AND EXCHANGE COMMISSION
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____São Paulo, Brazil - June 15, 2004 - Tele Centro Oeste Celular Participações S.A. - "TCO" (NYSE: TRO) (BOVESPA: TCOC3 (common share), TCOC4 (preferred share)), a company that does business under VIVO brand, today discloses details regarding the next stages of the corporate restructuring transaction disclosed on last May 14, involving the cellular telephone companies that operate in the Midwest region of Brazil, namely Tele Centro Oeste Celular Participações S.A. ("TCO") and its controlled companies Telegoiás Celular S.A., Telems Celular S.A.; Telemat Celular S.A.; Teleacre Celular S.A. and Teleron Celular S.A. (collectively, "TCO Operators"). These stages shall comprise the transfer of part of the premium paid to the TCO Operators upon the acquisition of TCO and the final merger of the TCO Operators' shares into TCO, in such a manner that said operators will become TCO's wholly-owned subsidiaries. As previously disclosed, the premium transfer shall not adversely affect TCO's and TCO Operators' profits and the merger of TCO Operators' shares shall allow the minority shareholders thereof to become holders of shares in TCO, which shares are listed at the Bovespa (São Paulo Stock Exchange) and included in the IBOVESPA index. The transaction shall result in a simplified corporate structure with lower administrative costs and enhanced benefits for its shareholders.
Tele Centro Oeste Celular Participações S.A
Luis André Carpintero Blanco
Investor Relations Officer
IR Office:
Ronald Aitken
e-mail: ronald.aitken@vivo.com.br
telefone: (5511) 5105 1172
website: www.vivo.com.br/ri
SIGNATURE
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TELE CENTRO OESTE CELLULAR HOLDING COMPANY
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By:
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/S/ Luis
André Carpintero Blanco
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Luis André Carpintero Blanco
Investor Relations Officer
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