Embrapar President and General Counsel Submit Their Resignations
RIO DE JANEIRO, Brazil, June 9 /PRNewswire-FirstCall/ -- Embratel
Participacoes S.A. (NYSE:EMT) (Bovespa: EBTP3 EBTP4) (Embrapar) announces that
Jorge Rodriguez, President of Embratel Participacoes S.A., submitted his
resignation to the Board of Directors in a Board of Directors Meeting, which
occurred on June 7, 2004. The resignations of Jorge Luis Rodriguez, President
of Embratel Participacoes S.A., and Claudia de Azeredo Santos, officer and
General Counsel, were presented by them and were accepted by the Board of
Directors. These resignations will take effect only on the later of (i) the
date in which the shares that represent the control stake of Embratel
Participacoes S.A. are transferred to Telefonos de Mexico S.A. de C.V. (Telmex), or (ii) July 31, 2004, but in any event no later than November 8,
2004.
Embratel is the premium telecommunications provider in Brazil and offers an
ample variety of telecom services -local and long distance telephony, advanced
voice, high-speed data transmission, Internet, satellite data communications
and corporate networks. The company is a leader in the country for data
services and Internet and is highly qualified to be an all-distance network
carrier in Latin America. Embratel's network spreads countrywide, with almost
29 thousand kms of optic cables, which represents about one million sixty-nine
thousand km of fiber optics.
The information contained in this release may be deemed to include
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended, that involve risk and uncertainty. Although the Company
believes that its expectations are based on reasonable assumptions, it can give
no assurance that its expectations will be achieved. Actual results may differ
materially from these expectations due to MCI's bankruptcy proceedings and
matters related thereto, as well as regulatory risks and other risks referred
to in the Company's filings with the CVM and SEC. The Company does not
undertake any obligation to release publicly any revisions to its forward-
looking statements to reflect events or circumstances after the date hereof or
to reflect the occurrence of unanticipated events.
Contact Information:
Silvia M.R. Pereira
Investor Relations
Tel: (55 21) 2121-9662
Fax: (55 21) 2121-6388
Email: or DATASOURCE: Embratel Participacoes S.A.
CONTACT: Silvia M.R. Pereira, Investor Relations of Embratel Participacoes S.A., +011-55-21-2121-9662, or fax, +011-55-21-2121-6388, or , or Web site: http://www.embratel.net.br/
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