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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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 May, 2003

Commission File Number 1-14493
 
 
TELESP CELULAR PARTICIPAÇÕES S.A.
(Exact name of registrant as specified in its charter)
 

Telesp Cellular Holding Company
(Translation of Registrant's name into English)
 

Rua Abílio Soares, 409
04005-001 - São Paulo, SP
Federative Republic of Brazil
(Address of principal executive office)
 

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. 

Form 20-F ___X___ Form 40-F _______

 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____

 


TELESP CELULAR PARTICIPAÇÕES S.A.

TELESP CELULAR PARTICIPAÇÕES S.A.
CNPJ (Tax ID) 02.558.074/0001-73 — NIRE (State ID) 35.3.001.587.9-2
Publicly-held Corporation


ANNOUNCEMENT

Telesp Celular Participações S.A. or the “Company”, hereby informs its shareholders and the general public of the shareholder restructuring of Global Telecom S.A., which is now fully owned by Telesp Celular Participações S.A., after the incorporation by Global Telecom S.A. of the holding companies Daini do Brasil S.A., Globaltelcom Telecomunicações S.A. and GTPS S.A. – Participações em Investimentos de Telecomunicações, through the company’s filing of the relevant documentation with the Brazilian Business Registry.

This transaction was effected to simplify the shareholder structure of Global Telecom S.A. in order to increase higher operating, administrative and financial efficiencies to the Company.

São Paulo, May 27, 2003


Fernando Abella Garcia
Investor Relations Officer









 

 

 
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.

Date: May 28, 2003

 
TELESP CELULAR PARTICIPAÇÕES S.A.
By:
/S/  Fernando Abella Garcia
 
Fernando Abella Garcia
Investor Relations Officer
 

 

 
FORWARD-LOOKING STATEMENTS

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 of future 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 actually 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.