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Clipp store taxa icms
Clipp store taxa icms






These statements appear in a number of places in this annual report, principally in “Item 4. Our actual results and performance could differ substantially from those anticipated in our forward-looking statements. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “plan,” “predict,” “project” and “target” and similar words are intended to identify forward-looking statements, which necessarily involve known and unknown risks and uncertainties. Statements that are not statements of historical fact, including statements about the beliefs and expectations of our management, are forward-looking statements. We, and our representatives, may also make forward-looking statements in press releases and oral statements. Forward looking statements speak only as of the date they were made, and we undertake no obligation to update publicly or revise any forward-looking statements after we file this annual report because of new information, future events and other factors. This annual report contains statements in relation to our plans, forecasts, expectations regarding future events, strategies and projections, which are forward-looking statements and involve risks and uncertainties and are therefore, not guarantees of future results. Accordingly, no adjustments have been made to the combined Intelig and TIM Participações results in preparing the pro forma information.

clipp store taxa icms

Intelig and TIM Participações had no material intercompany transactions during 2009.

clipp store taxa icms

This pro forma information has been prepared by combining the results of operations of each of Intelig and TIM Participações. In order to facilitate analysis of the evolution of our business from 2009 to 2010 we have provided certain pro forma 2009 financial information in this annual report on Form 20-F that reflects the acquisition of Intelig as if it had occurred on January 1, 2009. Because Intelig is included in all 12 months of our 2010 results but only one month of 2009 the results from 2010 period are not fully comparable to those of the 2009 period. We have included Intelig in our results of operations since November 30, 2009. (“JVCO”) in exchange for a 5.14% participation on TIM Participações’ capital stock. (“Intelig”), from JVCO Participações Ltda. (“Holdco”), which held 100% of the ownership of the telecommunications company Intelig Telecomunicações Ltda. On December 30, 2009, TIM Participações S.A.








Clipp store taxa icms