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(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:   ý      Form 40-F:   o 

(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:   o      No:   ý 

(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:   o      No:   ý 

(Indicate by check mark whether the registrant 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:   o      No:   ý 

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VIVO PARTICIPAÇÕES S.A. REPORTS THE RESULTS OF ITS SUBSIDIARY
TELEMIG CELULAR PARTICIPAÇÕES S.A. FOR THE FIRST QUARTER OF 2008

- EBITDA of R$349.8 million, or 98.9% of total net revenues, positively impacted by the reversal of ICMS provision in the amount of R$240 million
- Net additions of 85,613 clients in the period
- Negative net debt (net cash) of R$679.7 million
- Market share estimated at 28.4%

Belo Horizonte, April 30, 2008 – Telemig Celular Participações S.A. (BOVESPA: TMCP3 (ON) /TMCP4 (PN); NYSE: TMB), the holding company of the wireless telecommunications service provider in the state of Minas Gerais, today announced its results for the first quarter of 2008. The Company added 85,613 new clients in the quarter, increasing the client base to 3,986,439. In 1Q08, EBITDA reached R$349.8 million, representing 98.9% of total net revenues. 1^st

Operating Highlights:

Client base reached 3,986,439

The Company ended the first quarter of 2008 with the client base totaling 3,986,439, an increase of 490,499 clients when compared to the same quarter of the previous year. Net additions amounted to 85,613 in the quarter.

Net additions in the prepaid segment amounted to 85,197 in the 1Q08, bringing the total prepaid base to 3,152,609, or 79% of the total base. The postpaid base increased by 416 clients, ending the quarter with 833,830 clients, or 21% of the total base.

Churn rate

In the 1Q08, annualized churn rate for the prepaid segment reached 57.6%, higher than the 48.4% and 31.6% recorded in the 4Q07 and 1Q07, respectively. This increase was a result of changes in the client disconnection policy during 2007.

1

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Annualized churn rate for the postpaid segment increased by 2.7 p.p. when compared to the 4Q07, totaling 19.0% . This increase is related to the seasonality of the period combined with stronger commercial actions in previous quarters. When compared to the 1Q07, postpaid churn rate declined by 3.1 p.p. due to the client retention initiatives in 2007.

As a result, blended annualized churn rate reached 49.4%, representing an increase of 7.9 p.p. and 20.0 p.p. over 4Q07 and 1Q07, respectively.

Operating revenues

Net service revenues totaled R$328.9 million in the quarter, which is R$6.1 million, or 1.8%, lower than in the previous quarter, due to the seasonal factors and lower number of business days. When compared to the 1Q07, net service revenues increased R$29.1 million, or 9.7%, as a result of higher revenues associated to monthly subscription, outgoing traffic and interconnection, related to larger and better quality client base.

Data revenues totaled R$24.8 million in the 1Q08, more than the R$24.3 million recorded in the 4Q07 and the R$19.8 million recorded in the 1Q07. This is a result of higher postpaid client base and revaluation of packages and promotions offered.

Net equipment revenues totaled R$24.7 million, a decrease of R$16.8 million when compared to the R$41.5 million recorded in the 4Q07. This reduction had been expected due to weaker sales resulting from fewer promotional campaigns on those commemorative dates that have more impact on the industry performance. When compared to the 1Q07, net equipment revenues increased R$7.7 million, as a result of higher handset sales.

Handset subsidies for client acquisitions totaled R$9.5 million, or R$16.5 per gross addition in the first quarter, against the R$11.3 million, or R$16.9 per gross addition recorded in the 4Q07. This reduction is a consequence of seasonal factors in the period, as already mentioned. When compared to the 1Q07, handset subsidies for client acquisitions decreased by R$2.5 million, mainly due to better handset prices negotiated with suppliers.

As a result, total net revenues reached R$353.6 million in the 1Q08, 6.1% lower than in the 4Q07. When compared to the 1Q07, total net revenues increased by R$36.9 million.

2

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Operating costs and expenses

Cost of services totaled R$118.7 million in the 1Q08, an increase of 1.7% when compared to the R$116.8 million registered in the previous quarter. This increase is a result of higher expenses with interconnection and connection networks, associated to seasonal factors in the quarter. When compared to the 1Q07, cost of services increased by R$19.5 million, or 19.6% in the period, reflecting mainly the growth in interconnection costs and higher expenses with Fistel as a result of the client base growth.

Selling and marketing expenses totaled R$57.0 million in the 1Q08, 35.8% lower than the R$88.8 million recorded in the previous quarter, due to reduced promotional and advertisement expenses, as well as lesser dealers’ commissions associated to lower number of client additions in the period. When compared to the 1Q07, selling and marketing expenses increased by R$11.9 million as a consequence of higher expenses with commissions and negative impact of inventory adjustment to its market value.

Client acquisition cost in the 1Q08 decreased to R$88, from R$106 in the 4Q07, the lowest amount recorded by the Company. This reduction is a consequence of lower expenses with subsidies, advertisements and commissions. When compared to the 1Q07, client acquisition cost decreased by R$35, due to the higher volume of gross additions without any increase in expenses.

3

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Retention costs reached R$57.4 million in the quarter, lower than the R$71.0 million recorded in the 4Q07, due to reduced expenses with discounts and retention subsidies. When compared to the 1Q07, retention costs increased 25.8%, due to greater efforts to retain the best and most profitable clients in the base.

General and administrative expenses totaled R$23.8 million in the 1Q08, representing a decrease of 2.5% when compared to the R$24.5 million recorded in the previous quarter. When compared to the 1Q07, general and administrative expenses increased R$3.6 million, mainly due to higher expenses with personnel and administrative consulting services.

Bad debt provisions totaled R$10.4 million in the 1Q08, an increase of R$3.8 million over the R$6.6 million recorded in the last quarter. This is a result of the seasonal factors in the 1Q08. When compared to the 1Q07, bad debt provisions remained practically stable.

Average Revenue Per User (ARPU)

Postpaid MOU (minutes of use) totaled 187 in the 1Q08, 9.5% lower than the 207 minutes recorded in the previous quarter. This reduction is due to seasonal factors in the period. When compared to the 1Q07, postpaid MOU remained stable.

Postpaid ARPU reached R$72.8 in the quarter, a reduction of R$5.9 when compared to the R$78.7 recorded in the 4Q07, as a result of the lower traffic per user and higher number of promotional minutes offered to clients. When compared to the R$76.8 registered in the 1Q07, postpaid ARPU declined 5.3%, as a result of new clients with lower potential of revenues generation.

In the first quarter of 2008, prepaid MOU reached 71, representing an increase of 58.4% over the 45 minutes recorded in the previous quarter. This increase is a result of higher volume of promotional minutes offered to clients. When compared to the 1Q07, prepaid MOU increased 107.1%, due to campaigns to stimulate the use of cellular phones.

Prepaid ARPU reached R$14.6 in the 1Q08, a reduction of 4.4% from the R$15.3 recorded in the previous quarter, caused by seasonal factors. When compared to the 1Q07, prepaid ARPU increased 10.9% . This increase is due to successful campaigns to stimulate the use of cellular phones, thus generating higher outgoing traffic.

As a result, total blended MOU reached 96 in the 1Q08, an increase of 20.0% and 39.3% over the 4Q07 and 1Q07, respectively. Blended ARPU stood at R$26.9 in the quarter, representing a decrease of 6.9% and 7.7% registered in the 4Q07 and 1Q07, respectively.

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Market share in the quarter estimated at 28.4%

Total market share in the first quarter was estimated at 28.4%, versus 29.1% in the 4Q07. Excluding the Triângulo Mineiro region, market share was estimated at 29.3%, against 30.3% in the previous quarter. For the Triângulo Mineiro region, market share was estimated at 20.0%, slightly lower than the 20.3% recorded in the previous quarter. In the 1Q08, total gross sales were estimated at 30.9% .

EBITDA margin of 98.9% of total net revenues in the quarter or 30.9% excluding the reversal of ICMS provision

EBITDA and EBITDA margin in the 1Q08 totaled R$349.8 million and 98.9% of total net revenues. Excluding the reversal of ICMS provision, EBITDA would have reached R$109.4 million in the 1Q08, representing 30.9% of total net revenues, above the R$90.5 million and 24.0% recorded in the 4Q07 and lower than the R$121.2 million and 38.3% registered in the 1Q07.

Depreciation and amortization

Depreciation and amortization expenses totaled R$57.2 million in the 1Q08, slightly higher than the R$57.1 million recorded in the 4Q07. When compared to the 1Q07, depreciation and amortization expenses increased by R$6.6 million, as a result of the activation and acceptance of new sites related to the “Minas Comunica” project and the expansion of the coverage area.

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Net financial result of R$16.5 million in the quarter

		R$ million
		1Q07		2Q07		3Q07		4Q07		2007		1Q08
Interest Expense (a)		(18.7)		(22.0)		(19.5)		(22.6)		(82.9)		(12.7)
Interest Income (b)		20.3		20.2		19.8		23.7		84.1		27.4
Foreign Exchange Gain   (loss) (c)		7.1		10.2		7.3		5.5		30.1		1.8
Net Financial Income   (Expense)		8.7		8.4		7.6		6.6		31.3		16.5
Note: a) Interest expense: includes financial expenses related to debt, losses on hedging operations (if any), taxes on gains with hedge operations and revenues from interest on own capital (if any); b) Interest income: includes results of cash investing activities, clients’ interest and gains on hedging operations (if any); and, c) Foreign exchange gain (loss): almost exclusively reflects currency devaluation changes on debt principal and interest payable.

Net income of R$166.6 million in the quarter

Net income in the 1Q08 totaled R$166.6 million, or R$9.202 per ADS (R$4.601 per share). It is worth mentioning that net income was positively impacted by the reversal of ICMS provision in the amount of R$132.4 million. Excluding the effect of this reversal, net income would have reached R$34.2 million, 71.8% higher than in the 4Q07 and 19.7% lower than in the 1Q07.

Total debt of R$163.7 million

On March 31, 2008, total debt was R$163.7 million, 85% of which was denominated in US dollars. The entire debt denominated in foreign currency was hedged.

Negative net debt (net cash) of R$679.7 million

As of March 31, 2008, the Company’s debt was offset by cash (cash equivalents and short-term cash investments) in the amount of R$941.3 million, but was affected by accounts payable from hedging operations in the amount of R$97.9 million, resulting in a negative net debt (net cash) of R$679.7 million.

6

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Debt Payment Schedule

Year		R$ million		% denominated in
				US$
2008		-		-
2009		139.9		100.0%
2010 to 2017		-		-
2018 to 2021		23.7		-

Solid Financial Ratios

Ratios		1Q07		2Q07		3Q07		4Q07		1Q08
Net Debt/EBITDA (1)		(0.97)		(0.83)		(0.95)		(1.09)		(1.00)
Net Debt/Total Assets		(19%)		(18%)		(20%)		(21%)		(28%)
Interest Coverage Ratio (1)		13.4		21.3		27.5		28.2		47.1
Current Liquidity Ratio		2.4		3.2		3.2		1.8		1.9
(1) Last twelve months.

Investments totaled R$12.2 million in the quarter

During the first quarter of 2008, Telemig Celular’s capital expenditure reached R$12.2 million. The breakdown of investments is as follows: 

INVESTMENTS BREAKDOWN

CAPEX (R$ million)		1Q07		2Q07		3Q07		4Q07		2007		1Q08
Network		4.4		10.0		23.2		185.8		223.4		2.8
IT		4.0		7.1		9.7		20.4		41.2		6.0
Others		3.1		6.2		7.0		12.4		28.7		3.4
T O T A L		11.5		23.3		39.9		218.6		293.3		12.2

*******************

For further information, please contact:

Investor Relations Department

Ernesto Gardelliano / Carlos Raimar / Renata Pantoja

Phone: (31) 9933-3535

E-mail: ri@telepart.com.br

This press release contains forward-looking statements. Such statements are not statements of historical facts, and reflect the beliefs and expectations of the Company's management. The words "anticipates," "believes," "estimates," "expects," "forecasts," "intends," "plans," "predicts," "projects" and "targets" and similar words are intended to identify these statements, which necessarily involve known and unknown risks and uncertainties. Accordingly, the actual results of operations of the Company may be different from the Company's current expectations, and the reader should not place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update them in light of new information or future developments.

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OPERATIONAL DATA

		2007										2008		Var. %
		1st Quarter		2st Quarter		3rd Quarter		4th Quarter		YTD		1st Quarter		(1Q08/4Q07)
Licensed Pops (in millions)		19.5		19.5		19.5		19.7		19.7		19.7		0.0%
Clients		3,495,940		3,545,360		3,615,397		3,900,826		3,900,826		3,986,439		2.2%
Postpaid		779,155		776,652		781,673		833,414		833,414		833,830		0.0%
Prepaid		2,716,785		2,768,708		2,833,724		3,067,412		3,067,412		3,152,609		2.8%
MOU Incoming
Postpaid		72		75		77		77		75		68		-11.0%
Prepaid		21		22		23		23		22		21		-7.2%
MOU Outgoing
Postpaid		116		122		126		131		123		119		-8.6%
Prepaid		13		12		14		22		15		50		124.9%
Total Outgoing Traffic (Million of Minutes)		372.9		380.6		406.6		511.1		1671.1		766.7		50.0%
Total Incoming Traffic (Million of Minutes)		342.0		360.6		369.6		383.4		1455.7		366.2		-4.5%
Average Revenue per User - ARPU (R$)		27.6		29.2		29.1		28.9		28.7		26.9		-6.9%
Postpaid		76.8		80.3		79.7		78.7		78.9		72.8		-7.5%
Prepaid		13.2		14.7		15.1		15.3		14.6		14.6		-4.4%
Service Revenues (R$ millions)
Monthly Fee		50,993		50,676		51,988		53,340		206,998		56,264		5.5%
Outgoing Traffic		100,563		113,257		111,376		121,659		446,856		116,698		-4.1%
Incoming Traffic		136,371		144,167		149,350		150,044		579,932		146,467		-2.4%
Other		11,825		10,777		10,548		9,925		43,076		9,467		-4.6%
TOTAL		299,753		318,877		323,262		334,970		1,276,862		328,896		-1.8%
Data Revenues (% of net serv. revenues)		6.6%		6.3%		6.6%		7.3%		6.7%		7.5%		+0.2 p.p.
Cost of Services (R$ millions)
Leased lines		14,021		13,870		14,216		13,275		55,382		15,266		15.0%
Interconnection		49,362		52,585		53,566		57,617		213,130		62,527		8.5%
Rent and network maintenance		19,188		17,698		20,484		21,513		78,882		22,110		2.8%
FISTEL and other taxes		15,538		15,091		15,797		22,089		68,515		18,070		-18.2%
Other		1,160		2,348		2,900		2,250		8,658		770		-65.8%
TOTAL		99,269		101,592		106,962		116,744		424,567		118,743		1.7%
Churn - Annualized Rate		29.5%		40.1%		35.7%		41.5%		36.8%		49.4%		7.9 p.p.
Postpaid		22.1%		21.9%		18.9%		16.3%		19.8%		19.0%		2,7 p.p.
Prepaid		31.6%		45.3%		40.3%		48.4%		41.6%		57.6%		9.2p.p.
Cost of Acquisition (R$)		124		120		127		106		117		88		-16.9%
Retention Costs (% of net serv. revenues)		15.2%		15.8%		21.4%		21.2%		18.5%		17.5%		-3,7 p.p.
CAPEX (R$ millions)		11.5		23.3		39.9		218.6		293.3		12.2		-94.4%
Number of locations served		590		592		593		605		605		714		18.0%
Number of cell sites		1818		1819		1829		1915		1915		2048		6.9%
Number of switches		18		18		18		27		27		27		0.0%
Headcount		2,738		2,743		2,864		2,893		2,893		2,848		-1.6%
Estimated Market Share
Total		31.1%		30.4%		29.3%		29.1%		29.1%		28.4%		-0,7 p.p.
Minas Market - excluding Triângulo Mineiro region		32.4%		31.6%		30.3%		30.3%		30.3%		29.3%
														-1,0 p.p.
Triângulo Mineiro region		18.1%		19.1%		19.5%		20.3%		20.3%		20.0%		-0,3 p.p.

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INCOME STATEMENT (BR GAAP)

														(in R$ 000)
		2007										2008		Var. %
		1st Quarter		2st Quarter		3rd Quarter		4th Quarter		YTD		1st Quarter		(1Q08/4Q07)
Service Revenues - NET		299,753		318,877		323,263		334,969		1,276,862		328,895		-1.8%
Equipment Revenues - NET		16,988		22,519		19,489		41,542		100,538		24,727		-40.5%
Total Revenues - NET		316,741		341,396		342,752		376,511		1,377,400		353,622		-6.1%
Cost of Services		99,269		101,592		106,962		116,744		424,567		118,744		1.7%
Cost of Equipment		23,981		31,319		28,078		52,826		136,204		34,181		-35.3%
Selling & Marketing Expenses		45,089		57,136		68,539		88,176		258,940		57,024		-35.3%
Bad Debt Expense		10,504		6,626		6,162		6,629		29,921		10,400		56.9%
General & Administrative Expenses		20,220		19,217		27,439		23,334		90,210		23,845		2.2%
Other operating expenses (income)		(3,557)		(2,342)		(6,803)		(1,731)		(14,433)		(240,368)		13786.1%
EBITDA		121,235		127,848		112,375		90,533		451,991		349,796		286.4%
% of total net revenues		38.3%		37.4%		32.8%		24.0%		32.8%		98.9%		74,9 p.p.
Depreciation & Amortization		50,633		50,082		49,670		57,108		207,493		57,206		0.2%
Interest Expense (1)		18,685		22,048		19,479		22,638		82,850		12,721		-43.8%
Interest Income		(20,298)		(20,217)		(19,838)		(23,709)		(84,062)		(27,411)		15.6%
Foreign Exchange Loss (Gain)		(7,102)		(10,175)		(7,280)		(5,518)		(30,075)		(1,850)		-66.5%
Others		3,735		3,239		3,074		6,506		16,554		6,059		-6.9%
Income Taxes		25,498		26,643		22,293		6,588		81,022		104,090		1480.0%
Minority Interests		7,497		8,504		6,814		6,988		29,803		32,385		363.4%
Net Income		42,587		47,724		38,163		19,932		148,406		166,596		735.8%
Number of shares (thousand)*		357,706,556		362,070,615		36,207,061		36,207,061		36,207,061		36,207,061		0.0%
Earnings per thousands shares (R$)**		0.119		0.132		1.054		0.551		4.099		4.601		735.8%
Earnings per ADS (R$)		2.381		2.636		2.108		1.101		8.198		9.202		735.8%
(1) Interest paid: 1Q07- R$8,576 thousand; 2Q07 - R$0; 3Q07 - R$7,448 thousand; 4Q07 - R$0; and, 1Q08 - R$6,952 thousand.
* 3Q07, 4Q07, YTD 2007 and 1T08: number of shares.
** 3Q07, 4Q07, YTD 2007 and 1T08: earnings per share (R$).

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BALANCE SHEET (BR GAAP)

										(in R$ 000)
		1Q08		4Q07				1Q08		4Q07
Current Assets						Current Liabilities
Cash & cash equivalents		2,182		10,359		Loans & Financing		139,928		(0)
Tempory Cash Investments		939,084		720,268		Loan Interest		2,332		5,904
Accounts Receivable		213,124		232,895		Suppliers		301,127		398,483
Taxes Receivable		159,016		142,567		Taxes Payable		16,154		15,143
Other Assets		107,509		49,146		Dividends		59,381		59,419
		1,420,915		1,155,235		Other Current Liabilities		244,963		159,828
								763,885		638,778
Long-term Assets		238,862		332,035		Loans & Financing		23,751		147,930
Deferred Assets		11,848		12,784		Other Long-term Liabilities		70,303		143,316
Plant & Equipment						Minority Interest		211,700		179,315
Cost		2,405,442		2,394,477
Accumulated Depreciation		(1,611,012)		(1,555,373)		Shareholders' Equity		1,396,416		1,229,819
		794,430		839,104
		2,466,055		2,339,158				2,466,055		2,339,158

CASH FLOW (BR GAAP)

		(in R$ 000)
		1Q08
Operating Activities
Net income		166,596
Adjustments to reconcile net income to net cash from operating activities
Depreciation and amortization		57,205
Foreign exchange gains and indexation (principal)		(2,048)
Unrealized losses on cross-currency interest swaps		6,274
Deferred income taxes		78,556
Minority interest		32,385
Unrealized gains on temporary cash investments		(18,361)
Other		(696)
Changes in operating assets and liabilities		(333,913)
Cash provided by operating activities		(14,002)
Investing activities:
Cash proceeds from disposals of property and equipment		665
Additions to property and equipment		(12,192)
Additions to deferred assets		-
Cash used in investing activities		(11,527)
Financing activities
Proceeds from issuance of debt		17,390
Dividends and interest on capital paid		(38)
Cash provided by (used in) financing activities		17,352
Decrease in cash and cash equivalents		(8,177)
Cash and cash equivalents, beginning of the period		10,359
Cash and cash equivalents, end of the period		2,182

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GLOSSARY OF KEY INDICATORS

I) Average Clients

a) Average clients – monthly

     Sum of clients at the beginning and the end of the month
2

b) Average clients – quarterly and year-to-date

Sum of the average clients for each month of the period
Number of months in the period

II) Churn Rate (Annualized)

a) Churn % quarterly

Sum of deactivations / Sum of average monthly opening clients for the 3 months x 12
3

b) Churn % - year to date

YTD deactivations / Sum of average monthly opening clients since the beginning of the year x 12
Number of months in the period

III) MOU – Minutes of Use (Monthly)

Number of total billable minutes for the period / Average clients for the period
Number of months in the periods

IV) ARPU – Average Revenue Per User

Net service revenues for the period (excluding roaming-in revenues)
Average clients for the period

V) Client Acquisition Cost

(Sum of Marketing salaries, Selling salaries, Consulting (Sales and Marketing),
Commissions, Handsets subsidies, Advertising and promotions,
FISTEL tax (activation tax), less Activation fee for the period)
Number of gross activations in the period

VI) Free Cash Flow

Free Cash Flow = (EBITDA – CAPEX – Taxes – Net Financial Expenses*
– Minority Interests – Working Capital Variation)

* Considers interest paid.

VII) Working Capital Variation

Working Capital Variation = ( Current Assets – Cash & Cash Equivalents) –
( Current Liabilities – Short Term Loans and Financing - Loan Interest - Dividends)

VIII) Interest Coverage Ratio

Interest Coverage Ratio = EBITDA / Interest Paid

IX) Current Liquidity Ratio

Current Liquidity Ratio = Current Assets / Current Liabilities

X) EBITDA

EBITDA = Operational Revenues - Operational Costs - Operational Expenses* - Bad Debts

* Does not include profit sharing.

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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 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.

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