Brasilcel N.V., the Holding Company that Controls Vivo, the Southern Hemisphere's Largest Wireless Communications Group, Announc

Brasilcel N.V., the Holding Company that Controls Vivo, the
Southern Hemisphere's Largest Wireless Communications Group, Announces the
Conclusion of the Voluntary Cash Public Tender Offers for Shares of Tele
Sudeste, Tele Leste and Celular CRT 


SAO PAULO, Brazil, Oct. 11  /PRNewswire-FirstCall/ -- Tele Sudeste Celular
Participacoes S.A. -- ("Tele Sudeste") (BOVESPA: TSEP3 (common shares); TSEP4
(preferred shares); NYSE: TSD); Tele Leste Celular Participacoes S.A. -- ("Tele
Leste") (BOVESPA: TLCP3 (common shares); TLCP4 (preferred shares); NYSE: TBE);
Celular CRT Participacoes S.A. -- ("CRT", and, together with Tele Sudeste e
Tele Leste, the "Companies") (BOVESPA: CRTP3 (common shares) / CRTP5 (preferred
shares)) inform their respective sharesholders that, on this date, the
Voluntary Public Tender Offers ("VTOs") for the purchase of common and
preferred shares of the Companies by Brasilcel N.V. ("Brasilcel"), controlling
shareholder of the Companies, have been concluded.

Through a Notice of Material Fact published on August 25, 2004, Brasilcel
commenced, with respect to holders of common shares and preferred shares issued
by the Companies, voluntary public tender offers for the purchase of common and
preferred shares of the Companies up to the following maximum numbers of shares
issued by each of the Companies:

                            CRT                         Tele Leste
                    Common       Preferred          Common       Preferred
                    Shares          Shares          Shares          Shares
  Maximum
  number of
  shares (by
  class)        60,529,000     441,690,000  16,723,247,000   92,499,407,000

                                        Tele Sudeste
                                    Common        Preferred
                                    Shares           Shares
  Maximum
  number of
  shares (by
  class)                     7,332,479,000   12,699,707,000




In this way, considering the maximum numbers of shares to be acquired of each
of the Companies, each shareholder that tendered shares in the VTOs will have,
for each share tendered, due to a pro rata allocation, the following number of
shares acquired by Brasilcel:

                      CRT              Tele Leste          Tele Sudeste
                 Common  Preferred   Common  Preferred   Common  Preferred
                 Shares    Shares    Shares    Shares    Shares    Shares
  Number of
  shares to be
  acquired for
  each tendered
  share (by
  class)        0.5376     0.5531    0.3403    0.4250       1      0.6284




After the VTOs, Brasilcel and the persons directly or indirectly linked to
Brasilcel will hold the following numbers of common and preferred shares issued
by the Companies:

                            CRT                      Tele Leste
                   Common        Preferred      Common         Preferred
                   Shares         Shares        Shares          Shares
  Number of
  shares (by
  class)       1,229,846,760   936,851,713  114,810,418,296  128,323,263,625

  Percentage
  in relation
  to the total
  of shares
  of the class      91.04%         49.72%        68.65%          40.94%

                                     Tele Sudeste
                                Common          Preferred
                                Shares           Shares
  Number of
  shares (by
  class)                    173,785,258,887   234,320,352,451

  Percentage
  in relation
  to the total
  of shares
  of the class                     91.74%        90.27%



After settlement of the purchase of shares in the VTOs, it is expected that
there will be approximately 702,470 outstanding American Depositary Shares
(ADSs) representing preferred shares of Tele Sudeste (not including ADSs held
by Brasilcel or its affiliates) and approximately 1,385,169 outstanding ADSs
representing preferred shares of Tele Leste, based on available information.

Due to these acquisitions, Brasilcel will increase its direct and indirect
ownership interest in the capital stock of the Companies as follows: from
51.45% to 66.98% of CRT, from 27.86% to 50.58% of Tele Leste and from 86.68% to
90.89% of Tele Sudeste. The purpose of the acquisitions is to increase the
ownership interest of Brasilcel in the capital stock of the Companies, there
being no intention, at this moment, of acquiring additional shares issued by
any of the Companies, or any agreement or contract in this regard, or that
governs the right to vote at any of the Companies.

Information available on the website:  http://www.vivo.com.br/ri

This press release contains forward-looking statements. Such statements do not
constitute historical facts and reflect the expectations of management of the
Companies, are forward-looking statements. The words "anticipates," "believes,"
"estimates," "expects," "forecasts," "intends," "plans," "predicts," "projects"
and "targets", as well as other similar words are intended to identify these
statements, which necessarily involve risks that may or may not be known to the
Company. Accordingly, the actual results of operations of the Companies may be
different from its current expectations, and the reader should not place undue
reliance on these forward-looking statements. Forward-looking statements speak
only as of the date they are made, and the Companies does not undertake any
obligation to update them in light of new information or future developments. 

DATASOURCE: Tele Sudeste Celular Participacoes S.A.



CONTACT:  Investors, Charles E. Allen, Ana Beatriz Batalha, Antonio

Sergio Botega, Carlos Alberto B. Lazar, Maria Carolina de F. Goncalves, or

Maria Edneia Pinto, Reinaldo A. Araujo, all for VIVO, [phone], or

 



Web site:  http://www.telespcelular.com.br/

http://www.vivo.com.br/ri 

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