| (2) |
These amounts refer to international roaming, technical post-sales assistance and value-added services – VAS.
The General Shareholders’ Meeting held by TIM Participações on April 2, 2009 approved the renewal of the cooperation and support agreement executed with Telecom Italia S.p.A. effective from January 3, 2009 to January 2, 2010. This agreement had been approved on May 3, 2007 by the Board of Directors of TIM Participações and renewed for an additional 12 months (January to December 2008) at the General Shareholders’ Meeting held by TIM Participações on March 3, 2008.
By December 31, 2009, the amount of R$23,296 had been accrued (R$29,586 in 2008), with R$22,690 of which referring to fixed assets (R$26,835 in 2008) and R$606 to costs/expenses (R$2,751 in 2008). The purpose of this agreement is to add value to the Company by using the experience of Telecom Italia: (i) to increase effectiveness and efficiency of activities through in-house solutions, and (ii) to share systems, services, processes and best practices largely adopted in the Italian market and easily customizable for the Company.
Balance sheet account balances are recorded in the following groups: accounts receivable, accounts payable and other current assets and liabilities. |