Oi S.A. - NOTICE TO THE MARKET: Transference of 2,007 Telecommunications Mobile Towers

   Oi S.A. - NOTICE TO THE MARKET: Transference of 2,007 Telecommunications
                                Mobile Towers

PR Newswire

RIO DE JANEIRO, March 31, 2014

RIO DE JANEIRO, March 31, 2014 /PRNewswire/ -- Oi S.A. ("Oi") – BM&FBOVESPA:
OIBR3 and OIBR4 / NYSE: OIBR – in accordance with the Material Fact dated
December 3, 2013, hereby discloses to its shareholders and the market in
general that on March31, 2014, it concluded, through its subsidiaries Telemar
Norte Leste S.A. ("Telemar") and BRT Servicos de Internet S.A. ("BRTSI", and
together with Telemar, the "Sellers"), the transfer to SBA Torres Brasil Ltda.
(the "Buyer") of shares representing 100% of the capital stock of a company
controlled by the Sellers that owns 2,007 mobile telecommunications towers
(the "Transaction"), in exchange for the total aggregate amount of
R$1,525,000,000.00.

Rio de Janeiro, March 31, 2014.

Bayard De Paoli Gontijo

Chief Financial Officer and Investor Relations Officer

SOURCE Oi S.A.

Contact: Patricia Frajhof, +55-11-3131-1315, patricia.frajhof@oi.net.br
 
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