Edgar Filing: TELESP HOLDING CO

TELESP HOLDING COMPANY

March 13, 2007

/s/ Daniel de Andrade Gomes

Daniel de Andrade Gomes

Investor Relations Director

Telesp - 6K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of March, 2007

Commission File Number: 001-14475

TELESP HOLDING COMPANY

(Translation of registrant's name into English)

Rua Martiniano de Carvalho, 851 - 21 andar

São Paulo, S.P.

Federative Republic of Brazil

(Address of principal executive office)

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

Form 20-F x Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes No x

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes No x

Indicate by check mark whether by furnishing the information contained in this Form, the Registrant 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

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A

TELESP HOLDING COMPANY

TABLE OF CONTENTS


Item
1.		Press Release entitled "Telecomunicações de São Paulo S.A. - Telesp - Announces the Proposal for Modification of the Company’s bylaws" dated on March 13, 2007.

TELECOMUNICAÇÕES DE SÃO PAULO S.A. - TELESP Announces the Proposal for Modification of the Company’s bylaws

March 13, 2007 (09 pages)
For more information, please contact:
Daniel de Andrade Gomes
Telesp, São Paulo, Brazil
Tel.: (55-11) 3549-7200
Fax: (55-11) 3549-7202
E-mail: dgomes@telefonica.com.br
URL: www.telefonica.com.br

(São Paulo, Brazil – March 13, 2007) Telecomunicações de São Paulo S/A – TELESP (NYSE: TSP; BOVESPA: TLPP) hereby informs Proposal for simplification of the Company’s current bylaws.

CURRENT

PROPOSAL

Art. 20 - The Executive Board shall be made

Art. 20 – The Executive Board shall be made

up of at least three (3) and at most twelve (12)

up of at least three (3) and at most fifteen (15)

members, who may or not be shareholders,

who are resident in Brazil, to be elected by the

Board of Directors, as follows: (a) Chief

Executive Officer; (b) General Executive

Officer for Fixed Telephony; (c) Vice-President

of Finance; (d) Vice-President of Strategy and

of Finance and Investor Relations Executive

Regulation; (e) Vice-President of Control and

Officer; (d) Other Vice-Presidents without

Funds Management; (f) Vice-President of

specific assignment.

Human Resources; (g) Vice-President for

Enterprises Segment; (h) Vice-President for

Residential Segment; (i) Vice-President for

Wholesale Segment; (j) Vice-President of

Businesses; (k) Vice-President of Network; (l)

Vice-President for Commercial and

Administrative Segments.

Paragraph One – The General Executive

Paragraph One – the Board of Directors, which

Officer for Fixed Telephony, Vice-President of

can establish too specific assignment for the

Finance, Vice-President of Strategy and

referred offices, will define individual

Regulation, Vice-President of Control and

attributions of Vice-Presidents without specific

Funds Management, Vice-President of Human

assignment.

Resources and the Vice-President of

Enterprise Segments shall report to the Chief

Executive Officer, while the other Vice-

Presidents shall report to the General

Executive Officer for Fixed Telephony.

Paragraph Two – One same Executive Officer

Paragraph Two – One same Director may be

may be elected to accumulate attributions of

elected to accumulate attributions of more than

more than one office on the Executive Board.

one office on the Executive Board.

Art

23 - The following are specific

Art.

23 - The following are specific

incumbencies of each member of the

incumbencies of the Executive Board

Executive Board:

members:

A – Chief Executive Officer:

To represent the Company in and out of

court, before shareholders and general

public, being able to appoint attorneys-in-

fact together with another Executive Officer

and appoint representatives, as well as to

delegate incumbencies to the other

Executive Officers for implementation of

specific acts;

To supervise all the Company’s activities

To follow up and supervise implementation

and approve proposals related to

of resolutions determined by the Board of

guidelines for the strategic development of

Directors;

it;

To follow up and supervise implementation

To establish guidelines and supervise all

of resolutions determined by the Board of

Company’s activities, in special law

Directors;

activities, internal audit, institutional policy,

internal and external communication,

sponsorships and development of the

Company’s image; defining its operating

strategy;

To supervise and manage activities related

To call meetings of the Executive Board;

to the orientation, counseling and legal

representation of the Company;

To supervise and guide activities related to

To perform emergency acts “ad

institutional policy and internal and external

referendum” of the Executive Board;

communications referred to the Company;

To supervise and guide communication

To carry out other assignments that are

activities with the media in general;

determined by the Board of Directors;

To supervise and guide marketing

activities, including advertisements,

sponsorships and development of the

Company’s image;

To supervise and guide activities of

Internal Audit;

To supervise and guide activities of Human

Resources;

10.

To supervise and guide activities and

businesses related to enterprise segments;

11.

To define the operating strategy of the

Company;

12.

To define agenda of proposal for claims of

operating nature, aiming to subside

negotiations with the regulatory agency;

13.

To coordinate and supervise activities

related to quality, management control and

follow up of the Company’s budget, in

accordance to enterprise plans, being able

to delegate to another executive officer the

execution and supervision of these

activities;

14.

To call meetings of the Executive Board;

15.

To decide on specific matters of his/her

incumbency area, as provided in policies

and guidelines established by the joint

committee executive board;

16.

To perform emergency acts “ad

referendum” of the Executive Board;

17.

To supervise and guide the area related to

confidentiality of informations;

18.

To take the chair of the Committee for

Regulatory Strategy, responsible for

definition of the regulatory strategy and

implementation of a management focused

in high profile relationship with authorities,

regulators, social entities and companies of

the sector, regarding to regulatory issues;

and

19.

To develop the Company’s tax planning.

B – General Executive Officer for Fixed

Telephony:

To appoint attorneys-in-fact together with

To manage, coordinate and supervise the

another Executive Officer and designate

Company’s operating activities, that may

deputies, as well as, to delegate

be attributed, to the General Executive

incumbencies to the other Executive

Officer for Fixed Telephony, by the Board

Officers for execution of specific acts;

of Directors;

To coordinate and supervise activities of

To delegate, when necessary, to other

the Executive Officers;

vice-presidents, incumbencies for practice

of specific acts;

To coordinate and supervise activities

To represent the Company as established

related to the residential segment;

in the current bylaws; and

To coordinate and supervise activities

To carry out other assignments that are

referred to the wholesale segment;

determined by the Board of Directors;

To coordinate and supervise activities

related to the business segment;

To coordinate and supervise activities of

network services;

To supervise activities related to

commercial and administrative services;

and

To carry out other assignments that are

determined by the Board of Directors;

C – Vice-President of Finance:

C – Vice-President of Finance and Investor

Relations Executive Officer:

To manage activities of application and

Establish guidelines and supervise the

raising of funds, besides exchange

Company’s activities in the economic-

transaction of currency and derivatives in

finance, accounting areas and

the financial market;

management of securities issued by the

Company, as well as supervise the

management of complementary pension

fund;

To carry out structured transaction of

To represent the Company before the

raising funds in the financial and bond

Securities Commission –CVM, Stock

markets;

Exchanges and other inspection agencies

of the securities market;

To perform analysis and macroeconomic

To delegate, when necessary,

studies;

incumbencies to other Vice-Presidents

related to the practice of specific acts;

To develop projects and economic-finance

To represent the Company as established

analysis of corporate nature and other;

in the current bylaws; and

To carry out the position of Investor

To carry out other assignments that are

Relations Executive Officer and represent

determined by the Board of Directors;

the Company before the Securities

determined by the Board of Directors;

Commission –CVM, Stock Exchanges and

other inspection agencies of the securities

market;

To supervise the management of

complementary pension fund and

coordinate projects of merger, takeover

and acquisitions;

To carry out activities related to control of

financial risks;

To develop and carry out activities of the

Company in the economic-finance area,

referred to accounting and preparation of

financial statements, balance sheet and

interim balance sheet, as well as

management of financial and securities

commitment; and

To carry out other assignments that are

determined by the Board of Directors;

- Vice-President of Strategy and

- Vice-Presidents without specific

Regulation:

assignments:

To develop policies, guidelines and ensure

To carry out the position and individual

the implementation of activities related to

assignment determined by the Board of

definition, planning and coordination of the

Directors;

Company’s operating strategy, supervising

the execution of such activities;

To represent the Company before the

To sign together with another statutory

Telecommunication National Agency –

director documents and acts that claim

ANATEL and other regulatory agencies,

signature of two directors; and

considering policies and goals of the

regulatory agency;

To participate of the Committee for

To represent the Company as established

Regulatory Strategy;

in the current bylaws.

To coordinate and inspect operating

activities related to quality;

To coordinate, develop and follow up

projects of innovation; and

To carry out other assignments that are

determined by the Board of Directors;

E - Vice-President of Control and Funds

Management:

To develop policies, guidelines and

supervise activities related to

management of purchases;

To develop and carry out activities of

control of funds managements and,

preparation and follow up of the

Company’s budget;

To coordinate activities related to

management of operating risks; and

To carry out other assignments that are

		determined by the Board of Directors;

F - Vice-President of Human Resources:

1.		To develop policies, plans and guidelines
		aiming to ensure the implementation of
		activities referred to management and
		development of human resources
		employees and directors, supervising the
		execution of such activities;

2.		To carry out a relationship with the class
		union of the Company’s employees;

3.		To keep a relationship with the
		complementary Pension Fund;

4.		To consolidate plans, staff and budget of
		human resources in accordance to
		enterprises goals and objectives; and

5.		To carry out other assignments that are
		determined by the Board of Directors.

G - Vice-President for Enterprise Segment:

1.		To develop policies, plans and guidelines
		aiming to ensure the implementation of
		business strategies, specifically those
		related to corporate segment and
		government, to attend users, market and
		clients needs;

2.		To consolidate business plans related to
		corporate segment and government,
		contemplating investments and level of
		services expected of the Vice-Presidency
		for Enterprise Segment;

3.		To coordinate development of products to
		corporate segment and government; and

4.		To carry out other assignments that are
		determined by the Board of Directors.

H - Vice-President for Residential Segment:

1.		To develop policies, plans and guidelines
		aiming to ensure the implementation of
		strategies to his/her business area,
		specifically, regarding to residential,
		special residential, public usage
		telephones, call-center, telephonic lists
		and long distance service, to attend users

		and market needs, supervising the
		execution of such activities;

2.		To consolidate business plans related to
		residential, special residential, public
		usage telephones, call-center, telephony
		lists and long distance services,
		contemplating investments and level of
		service expected of the Vice-Presidency of
		Network;

3.		To coordinate development of businesses
		and products to the segment of residential
		clients; and

4.		To carry out other assignments that are
		determined by the Board of Directors.

I - Vice-President for Wholesale Segment:

1.		To develop policies, plans and guidelines
		aiming to ensure the implementation of
		strategies to his/her business area,
		specifically regarding to wholesale and
		interconnection services with operators
		and providers of local, long distance and
		international service;

2.		To develop policies, plans, guidelines and
		supervise activities related to regulation, as
		well as advices, when necessary, related
		to support, in general, other areas of the
		Company;

3.		To coordinate the development of new
		businesses; and

4.		To carry out other assignments that are
		determined by the Board of Directors.

J - Vice-President of Businesses:

1.		To develop, policies, plans and guidelines
		aiming to ensure the implementation of
		businesses strategies, specifically
		regarding to small and medium companies
		and users of long distance service to
		attend users, clients and market needs;

2.		To consolidate business plans related to
		the segment of small and medium
		companies and users of long distance
		services contemplating investments and
		level of services expected of the Vice-

		Presidency of Network;

3.		To coordinate the development of products
		to small and medium companies; and

4.		To carry out other assignments that are
		determined by the Board of Directors.

K - Vice-President of Network:

1.		To develop policies, plans, guidelines and
		ensure the implementation of the
		company’s technological strategy, so as to
		make available network’s capacity and
		development available and enable the offer
		of services, in accordance to needs of the
		market and Company’s business areas,
		supervising the execution of such activities;

2.		To establish proposal of long term
		technologic strategy for network
		development;

3.		To define guidelines for the development
		of network expansion projects, in
		accordance to the needs defined by the
		Vice-Presidencies for Businesses,
		Residential, Wholesale and Enterprises,
		supervising the execution of such activities;

4.		To develop policies, plans, guidelines and
		ensure the operation and maintenance of
		the external plant, as well as management
		of the processes related to operation and
		maintenance of the internal plant;

5.		To define guidelines for operation and
		maintenance of network and technical
		assistance to users, supervising the
		execution of such activities;

6.		To define guidelines for provision,
		installation and maintenance of services, in
		accordance to the needs of the Vice-
		Presidencies for Businesses, Residential,
		Wholesale and Enterprises, supervising
		the execution of such activities;

7.		To carry out other assignments that are
		determined by the Board of Directors.

L - Vice-President for Commercial and
Administrative Services:

To develop policies, guidelines and supervise

supervise activities related to acquisition,

		usage, evolution of solutions related
		to the society’s technology of information;

To coordinate, develop and supervise valuation,

revision and implementation of processes

		and processes and corporate normative
		documentation;

To define policies and control activities

		related to informatics infrastructure;

4.		To coordinate management activities
		and maintenance of assets and properties,
		materials, transports and activities
		of support to other areas of
		the Company;

5.		To coordinate processes and systems
		of billing and collection;

6.		To coordinate and carry out activities
		related to equity safety; and

7.		To carry out management activities
		in general and other assignments
		that are determined by
		the Board of Directors.

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.