SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE
ACT OF 1934
FOR THE MONTH OF JANUARY 2001
(Commission File No. 001-14489)
TELE CENTRO OESTE CELULAR PARTICIPACOES S.A.
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(Exact name of registrant as specified in its charter)
TELE CENTRO OESTE CELLULAR HOLDING COMPANY
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(Translation of registrant's name in English)
SCS-QUADRA 2, BLOCO C, EDIFICIO ANEXO-TELEBRASILIA CELULAR
-7 ANDAR, BRASILIA, D.F.
FEDERATIVE REPUBLIC OF BRAZIL
(Address of Principal Executive Offices)
(Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.)
Form 20-F X Form 40-F
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(Indicate by check mark whether the registrant by
furnishing the information contained in this form
is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.)
Yes No X
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TCOC3: R$ 8.55/1,000 shares
TCOC4: R$ 7.64/1,000 shares
TRO: US$ 11 15/16 /ADR (1 ADR = 3,000 shares)
INVESTOR RELATIONS: WEB SITE
ARTHUR FONSECA - HTTP://WWW.TCO.NET.BR
[email protected]
+55 61 313 7765
R$ 250 MM ISSUED IN COMMERCIAL PROMISSORY NOTES
TO THE DOMESTIC MARKET
BRASILIA, JANUARY 12, 2001 - Tele Centro Oeste Celular Participacoes S.A. (NYSE:
TRO; IBOVESPA: TCOC3/TCOC4), the company operating wireless telecommunications
services in the Central-Western and Northern regions of Brazil and in the state
of Maranhao, today announces the issuing of R$ 250 million in Promissory Notes
to the domestic market, in the form of 180-day securities. This operation is
coordinated by the following banking institutions: BBA Creditanstalt, Unibanco,
HSBC, Brascan and BES. The securities will pay the equivalent to 103% of the CDI
remuneration in the period. The resources will be used to liquidate the
Promissory Notes issued in early 2000 and to recompose the existing cash
resources.
Until September of 2000, TCO had a net profit of R$ 77.6 mm, having generated
the largest EBITDA margin in the sector among the companies operating Band A:
41.3%. The EBITDA of R$ 257 million highlights the company's efficiency in
generating cash using its operating assets. The company's plant had 1.4 million
subscribers in September of 2000, and an ARPU of R$ 55.00.
The Splice Group, which controls TCO, has been recognized in the market by means
of its excellent financial and operating results, as well as its low level of
financial leveraging demonstrated by TCO. In the year 2000, TCO obtained the
highest ADR valuation among the Latin American telecommunications companies with
securities listed at the New York Stock Exchange.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Tele Centro Oeste Cellular Holding Company
Date: January 12, 2001 By: /S/ MARIO CESAR PEREIRA DE ARAUJO
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Name: Mario Cesar Pereira de Araujo
Title: President
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