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OIBR3 Oi

4.30
-0.10 (-2.27%)
Last Updated: 18:05:09
Delayed by 15 minutes
Share Name Share Symbol Market Type
Oi BOV:OIBR3 Bovespa Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.10 -2.27% 4.30 4.30 4.32 4.45 4.28 4.45 561,600 18:05:09

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

31/03/2014 11:32pm

PR Newswire (US)


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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 March 31, 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.

Copyright 2014 PR Newswire

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