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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In those cases where we determined that the useful life of property and equipment should leu reviewed, we would depreciate the net book value over its revised remaining useful lives thereby increasing or decreasing depreciation expenses. We are the largest operator of cable television systems in Brazil, based upon the number of subscribers and homes passed.
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We believe this municipal tax is unconstitutional since it is not included in the list of taxes within the jurisdictional authority atualizadq municipalities, as established in the Brazilian federal constitution.
We plan to continue to enhance and upgrade the services we offer by adding, on a selective basis, new programming and further advanced products and services as they become available. Under Brazilian law, cable television service licenses in a specific service area are nonexclusive licenses. Our cable network in Region 3 is served atualizadz 26 headends.
Class A and B households are especially attractive to us, as we believe they will demonstrate significant demand over time for our premium pay-television and Internet services and have relatively high creditworthiness.
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Globopar also directly owns 6. We and our subsidiaries have engaged service companies to perform certain installation and maintenance tasks. As a result, we are unable to assure you that we will have the ability to compete successfully and any such failure could have a material adverse effect on our business, financial condition and results of operations. These include shareholder guarantees for loans taken out inandpurchases by major shareholders of debentures issued by us and major shareholders granting loans and advancing capital inand Our Advanced package is our premium package focused on Class A and B households, who generally have a higher willingness than other socio-economic groups to purchase value-added services such as pay-per-view television and broadband Internet access.
Entities affiliated with our major shareholders: The following table shows subscriber figures and other information for each of our various channel packages as of December 31, Pay-television utilizing MMDS technology became available in Brazil ininitially targeting the largest urban areas of the country. We expect that new sources of competition, including pay-television providers who may emerge as a result of changing technology, will shape our competitive environment in the future.
You may face difficulties in proceedings with respect to your interests as a shareholder, because we are a Brazilian company. Each node is fed with sixteen fibers. We are currently engaged in negotiations with our programmers through Net Brasil to convert our programming costs from U. There can be no assurance that the economic weakness will not be prolonged or become more severe.
A home terminal, or set-top box, which allows an individual subscriber to receive the cable signal.
We do not expect that funds or other financial support will be available in the future from our major shareholders. We currently compete with: The Marinho family, thereby, indirectly controls We have entered into negotiations with our programmers, through Net Brasil, to convert our programming costs from U.
The following uncertainties, among others, may have such an impact: Inour subsidiary Net Rio S. In an effort to eliminate potential bad debt risks, we offer our Standard package only through prepaid subscriptions.
In addition, we have a dedicated marketing specialists for each region dedicated to building a detailed action plan for each of our main operations. At December 31,our cable network totaled 35, kilometers.
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We accounted for the acquisitions of Unicabo, Vicom and Net Sul using the purchase method afualizada accordance with U. Our subsidiaries Net Campinas Ltda. 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: This architecture allows for future migration to homes per fiber node design, and is designed to create a platform to support services such as pay-per-view television and near video-on-demand.
We cannot assure you that the Brazilian government will not take similar measures in the future.