Pursuant to Rule 13a-16 or 15d-16 of the
22640-102 Rio de Janeiro, RJ, Brazil
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.
TIM PARTICIPAÇÕES S.A
Pubicly-held Company
Corporate Taxpayer's ID (CNPJ/MF): 02.558.115/0001-21
Corporate Registry (NIRE): 33 300 276 963
Notice to the Market - TIM is included in the new ISE portfolio
Rio de Janeiro, November 25, 2008 – TIM Participações S.A. (BOVESPA: TCSL3, and TCSL4; and NYSE: TSU), hereby announces that, as of December 1s t, 2008, its shares will be included in the new portfolio of the BM&FBOVESPA’s Corporate Sustainability Index (ISE), comprising only those companies with an exceptionally strong commitment to sustainability and social responsibility.
The new portfolio, which will remain valid until November 30, 2009, was selected from 51 participants who replied to a questionnaire compiled by the Sustainability Study Center of the Fundação Getúlio Vargas Business School (FGV-EAESP) and sent to those companies with the Bovespa’s 150 most liquid shares. The ISE contains 30 companies with a combined market cap of R$ 372 billion, equivalent to 30.7% of the total market cap of the 394 firms whose shares are traded on the Bovespa.
Inclusion in the ISE has underlined TIM’s commitment to constantly improving relations with all its stakeholders – clients, employees, suppliers, shareholders and the community – and strengthening the performance of its environmental indicators. In 2008, TIM Participações signed up to the UN’s Global Pact and is making every effort to instill its principles, both internally and externally, as envisaged in its Code of Ethics.
The ISE, created in December 2005, was based on the international concept of the Triple Bottom Line (TBL), which makes an integrated assessment of companies’ social, environmental and financial elements. To the TBL principles, another three indicators were added: corporate governance, general characteristics and nature of the product. Since then, the index has become a benchmark for socially responsible investment and has encouraged the adoption of best practices by Brazil’s business community.
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.
| TIM PARTICIPAÇÕES S.A. | |||
| Date: November 26, 2008 | By: | /s/ Mario Cesar Pereira de Araujo | |
| Name: Mario Cesar Pereira de Araujo | |||
| Title: Chief Executive Officer | |||
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will a ctually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.