Vivo Participacoes Announces Public Tender Offer for Common Shares

SAO PAULO, Feb. 16, 2011 /PRNewswire/ -- The management of Vivo Participacoes S.A., a corporation organized under the laws of Brazil, (NYSE: VIV; BOVESPA: VIVO3.ON and VIVO4.PN) ("Vivo" or the "Company") hereby announces that on February 16, 2011 the company submitted to the Securities and Exchange Commission (the "SEC") the Form 6-K relating to the tender offer by SP Telecomunicacoes LTDA., a limited liability company organized under the laws of Brazil and controlled by Telefonica, S.A., a corporation organized under the laws of Spain ("SP Telecom" and "Telefonica", respectively), to purchase for cash solely in Brazil all outstanding shares of common stock of Vivo, not already owned by Telefonica.  SP Telecom is a holding company that controls Telecomunicacoes de Sao Paulo S.A. – Telesp. The form can be accessed by visiting either the SEC's website at www.sec.gov or the Company's website at www.vivo.com.br/ri.

SOURCE Vivo Participacoes S.A.

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