NETC Announces Leftover Auction

NETC Announces Leftover Auction 


SAO PAULO, Brazil, May 6  /PRNewswire-FirstCall/ -- Net Servicos de Comunicacao
S.A. (Nasdaq: NETC; Bovespa: NETC4 and NETC3; and Latibex: XNET) the largest
Pay-TV multi-service operator in Latin America, and an important provider of
bi-directional broadband Internet access (Virtua), announces that the share
leftover auction under the terms of the capital increase, approved at the Board
of Directors' Meeting held on November 3, 2004 and ratified by the
Extraordinary Shareholders' Meeting held on February 4, 2005, and object of the
Notice to Shareholders dated March 18, 2005, will be made at the Sao Paulo
Stock Exchange - Bovespa, having Pactual CTVM S.A. as broker, on May 9, 2005
from 1:05 pm to 1:20 pm at the electronic trade.

A total of 9,445,127 common shares ("ON shares") and 25,684,250 preferred
shares ("PN Shares") will be auctioned, being represented by its respective
subscription receipt, corresponding respectively to 1.27% and 2.38% of the
issuance of shares at a minimum price of R$ 0.35.

According to the Subscription Agreement reached between NET, Globo Comunicacoes
e Participacoes S.A. ("Globopar"), Distel Holding S.A. ("Distel) (Globopar and
Distel, jointly "Globo") and Telefonos de Mexico, S.A. de C.V. ("Telmex"), the
Company has notified Globo and Telmex to present a purchase order for the total
amount of ON and PN shares, respectively.

The confirmation of the total shares issued under the terms of the
abovementioned capital increase will be carried out at a Board of Directors'
Meeting to be held on May 10, 2005, passing the receipts of shares to be traded
as confirmed shares at Bovespa beginning on May 11, 2005.

Investor Relations

55-11-2111-2811 

DATASOURCE: Net Servicos de Comunicacao S.A.



CONTACT: Investor Relations of Net Servicos de Comunicacao S.A.,

[phone]

Copyright