SAO PAULO, April 23, 2014 /PRNewswire/ -- Net Servicos de
Comunicacao S.A. ("NET" or the "Company") (BOVESPA:
NETC3 and NETC4; BMAD: XNET) today announced that it
intends to file a Form 15F with the United States Securities and
Exchange Commission (the "SEC") in order to terminate the
registration of all classes of its registered securities under
section 12(g) of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"). NET expects that this termination of
registration will become effective 90 days after its filing with
the SEC. As a result of this filing, NET's reporting obligations
with the SEC, including its obligations to file annual reports on
Form 20-F and reports on Form 6-K, will be suspended
immediately.
NET is current with its reporting requirements under the
Exchange Act.
The main purpose of terminating registration is to reduce
complexity in financial reporting and administrative costs
following the completion of the recent tender offer for NET shares
by Embratel Participacoes S.A.and Empresa Brasileira de
Telecomunicacoes S.A. – Embratel.
NET reserves the right, for any reason, to delay this filing or
to withdraw it prior to its effectiveness, and to otherwise change
its plans in this regard.
For further information visit: http://ir.netservicos.com.br
SOURCE Net Serviços de Comunicação S.A.