Co. stated 55.5% of common stock shareholders had deposited shares to attend the shareholders meeting on Dec 15. Article adds it is uncertain if Vivendi proposal to increase the number of board members to 17 from 13 will pass (so that they can have 4 board members). In addition Bloomberg reports that Tim Brazil is working with some investment banks (BoFA and Citigroup) as it considers a combination with Oi SA (reportedly no formal talks underway, any deal unlikely before year end).