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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___

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

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

BRASIL TELECOM S.A.
Publicly Held Company
Corporate Taxpayers’ ID (CNPJ/MF) 76.535.764/0001 -43
Company Registry (NIRE) 53.3.0000622 -9

NOTICE TO SHAREHOLDERS

Brasil Telecom S.A. (“Company”) hereby informs its shareholders that the fractions of shares resulting from the grouping approved at the Extraordinary Shareholder Meeting held on April 10, 2007 were sold at an auction conducted by the São Paulo Stock Exchange (BOVESPA) and grouped as shown in the table below:

Ticker	Type of Shares	Number of Shares Offered	Number of Shares Sold	Net Amount per Share
BRTO3	Common	104,285	104,285	33.93
BRTO4	Preferred	226,490	226,490	13.78

The amounts resulting from the sale of the shares at the auction were made available, as of July 31, 2007, on the behalf of the shareholders holding the fractions of shares, as follows:

(1) credit in the current account indicated by the shareholder to Banco Bradesco S.A., the custodian of the Company’s book entry shares;

(2) the amounts corresponding to Shareholders with custody at the Brazilian Clearing and Depositary Corporation (CBLC) were credited directly to the CBLC, which is responsible for transferring the amounts through the respective brokerages;

(3) all other shareholders should go to the Banco Bradesco S.A bank branch of their choice for receiving the procedures involved in receiving the respective amounts; and

(4) in the case of shareholders with shares that are currently blocked or with account information that is not up to date, the amount will be held for the respective shareholder with payment at Banco Bradesco S.A. upon presentation of the documentation substantiating the release of the shares or properly identifying the shareholder, whichever the case.

Brasília, Brazil, July 31, 2007

Paulo Narcélio Simões Amaral
Investor Relations Officer

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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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