Oi Releases Material Fact - Globonet
RIO DE JANEIRO, July 15, 2013
RIO DE JANEIRO, July 15, 2013 /PRNewswire/ --Oi S.A. ("Oi" or the "Company"),
in compliance with art. 157, paragraph 4, of Law No. 6,404/76 and in
accordance with CVM Instruction No. 358/02, hereby notifies its shareholders
and the market in general that, on July 12, 2013, together with its subsidiary
BRT Serviços de Internet S.A., it entered into a contract with BTG Pactual YS
Empreendimentos e Participacoes S.A. (the "Purchaser"), a company controlled
by BTG Pactual Infraestrutura II Fundo de Investimento em Participacoes, by
which it agreed to transfer all of its equity interest in Brasil Telecom Cabos
Submarinos Ltda. and its subsidiaries, located in Venezuela, Colombia, Bermuda
and the United States (jointly known as "GlobeNet"), for an aggregate amount,
on July 12, 2013, of R$ 1,745,590,000.00, subject to certain adjustments
stipulated in the contract (the "Transaction").
The Transaction involves the transfer of a 22,500 km system of fiber optic
submarine cables held by GlobeNet, composed of two rings of protected
submarine cables, linking connection points between the United States,
Bermuda, Colombia, Venezuela and Brazil, as well as supply of capacity by
GlobeNet to Oi and its direct and indirect subsidiaries (the "Oi Companies")
through a fixed-price long-term contract with volume guarantees.
The Transaction is subject to the implementation of certain conditions
stipulated in the contract, including the necessary approvals from regulatory
bodies and antitrust authorities in the various jurisdictions in which
GlobeNet operates, within the terms of the applicable legislation.
Oi will keep its shareholders and the market informed of the conclusion of the
Transaction, as well as any other events that may impact its terms and
Rio de Janeiro, July 15, 2013.
Bayard de Paoli Gontijo
Investor Relations Officer
Corporate Taxpayers' Registry (CNPJ/MF) No. 76.535.764/0001-43
Board of Trade (NIRE) No. 33.3.0029520-8
SOURCE Oi S.A.
Contact: Patricia Frahjof, Oi S.A., +55 21 3131-1315,
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