BNY Mellon Appointed as Successor Depositary Bank by Brasil Telecom S.A and Brasil Telecom Participacoes S.A.

NEW YORK, Oct. 1  /PRNewswire-FirstCall/ -- BNY Mellon, the global leader in asset management and securities servicing, has been selected by Brasil Telecom S.A. and Brasil Telecom Participacoes S.A. as the successor depositary bank for their  American depositary receipt (ADR) programs.  Each Brasil Telecom ADR represents three preferred shares and trades on The New York Stock Exchange (NYSE) under the symbol "BTM."  Each Brasil Telecom Participacoes ADR represents five preferred shares and trades on the NYSE under the symbol "BRP."  The preferred shares for both Brasil Telecom and Brasil Telecom Participacoes trade on the Sao Paulo Stock Exchange (BOVESPA) under the symbol "BRTO4" and "BRTP4," respectively.

Both companies are subsidiaries of the Brazil-based "Oi" Group and provide local fixed-line telecommunications services and intraregional long distance telecommunications services in Brazil's Region II, which is comprised of nine states and the Federal District.  The companies also provide broadband services, mobile services, and a variety of data transmission services through various technologies and means of access.

"BNY Mellon's expertise and experience continue to play an important role in our corporate reorganization, and we are pleased to have them as a partner to service our global shareholder base," said Roberto Terziani, Oi's head of investor relations.

"Our longstanding experience, combined with an array of fully integrated DR services, makes BNY Mellon the logical choice as depositary," said Michael Cole-Fontayn, chief executive officer of BNY Mellon's Depositary Receipts business.  "We are delighted to be the depositary for the Oi Group companies and look forward to working together on the upcoming corporate reorganization."

BNY Mellon acts as depositary for more than 2,100 American and global depositary receipt programs, acting in partnership with leading companies from 67 countries. With an unrivalled commitment to helping securities issuers succeed in the world's rapidly evolving financial markets, the Company delivers the industry's most comprehensive suite of integrated depositary receipt, corporate trust and stock transfer services. Additional information is available at http://www.bnymellon.com/dr.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE:BK). BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $20.7 trillion in assets under custody and administration, $926 billion in assets under management, services $11.8 trillion in outstanding debt, and processes global payments averaging $1.8 trillion per day. Additional information is available at bnymellon.com.

This release is for informational purposes only. BNY Mellon provides no advice nor recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities. Depositary Receipts: Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank, State or Federal Agency Guarantee. 

DATASOURCE: BNY Mellon



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