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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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	Investor Relations
	(55 61)3415-1140
	ri@brasiltelecom.com.br
	Media Relations
	(55 61) 3415-1378
	cesarb@brasiltelecom.com.br

Free Translation

BRASIL TELECOM S.A.
CORPORATE TAXPAYER REGISTRATION 76.535.764/0001 -43
BOARD OF TRADE 53.3.0000622 -9
PUBLICLY HELD COMPANY

Minutes of the Senior Management’s Meeting,
Held on June 20, 2006

Date, Time and Place:

On June 20, 2006, at 4:30 p.m., in Brasil Telecom S.A.’s (“BT” or “Company”) headquarters, in the city of Brasília, Federal District at SIA SUL, ASP, Lote D, Bloco B.

Presence:

The members of the Company’s Senior Management who signed these minutes.

Day’s Agenda:

To ratify the remuneration rates of the Company’s debentures of the 5^th issuance, being the 4^th public, in the amount of R$ 1,080,000,000.00 (one billion and eighty million reais), being the first issuance made concerning the Company’s 1^st Securities Distribution Program.

Resolutions:

The Officers, with the powers granted to them in the Board of Directors’ Meeting held on June 5, 2006, resolved, unanimously, to ratify the remuneration of the Company’s debentures of the 5^th issuance, being the 4^th public, defined in bookbuilding process organized among the Coordinators and the Company, which shall be equivalent to 104.00% (one hundred and four percent) of the average daily Interbank Deposit Certificate, Extra-Group, expressed as a yearly percentile, based on 252 business days, calculated and disclosed daily by CETIP – Câmara de Custódia e Liquidação (“DI Rate”), applied upon the nominal unitary face value of the debentures, according to formula and further dispositions set in the Particular Indenture of the 5^th issuance, being the 4^th public, of simple debentures, non-convertible into shares, single series, with additional guarantee by Brasil Telecom Participações S.A., for Brasil Telecom S.A.’s Public Distribution.

With nothing further to be discussed, the meeting was closed and these Minutes were drafted and, once read were approved by all the officers present and by the secretary.

Brasília, June 20, 2006 

Ricardo Knoepfelmacher		Darwin Corrêa
President		Secretary

Officers

Ricardo Knoepfelmacher		Charles Laganá Putz
Chief Executive Officer		Chief Financial Officer and Investor Relations Officer

Luiz Francisco Tenório Perrone		Francisco Aurélio Sampaio Santiago
Human Resources Officer		Chief Operating Officer

 

 

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