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.
TIM PARTICIPAÇÕES S.A.
Publicly-held Company
Corporate Taxpayer's ID (CNPJ/MF): 02.558.115/0001-21
Corporate Registry (NIRE): 33 300 276 963
NOTICE ABOUT RELATED PARTY TRANSACTIONS
TIM PARTICIPAÇÕES S.A. ("Company") (BMF& FBOVESPA: TIMP3; NYSE: TSU), in compliance with CVM Instruction No. 480/09, as modified by CVM Instruction nº552/14, hereby informs that it was concluded the following related-party transactions:
Name of the Related-Party |
ITALTEL BRASIL LTDA. |
|
Transaction Date |
12/16/2015 |
|
Value Involved (Reais) |
R$ 6,084,987.01 |
|
Balance Remaining (Reais) |
N/A |
|
Total (Reais) |
N/A |
|
Duration |
10/15/2015 to 10/15/2018 |
|
Loan or another type of debt |
N/A |
|
Interest rate charged |
N/A |
|
Contract object |
DNS solution contract to implement security features and expand traffic capacity in Packet Core Network. |
|
Warranty or insurance |
Bank guarantee letter: Creditors: TIM Celular S.A. / Guarantor: Itaú Unibanco S.A. / Bailed: Italtel Brasil LTDA / Expiration: 10/20/2015 until 10/19/2015 / Guarantee value limitation of R$ 608,498.70 |
|
Rescission or extinction |
The agreement provides various dissolution possibilities, among which, assignment of rights, bankruptcy, acts that affect the reliability and morality of TIM, among others. In any termination event the hired company shall only be entitled to payment for services actually rendered, not being owed any compensation. |
|
Nature and reason for the operation |
Supply of products and solutions for DNS security features and expand traffic capacity, supporting TIM Brazil’s network strategy of development. The Italtel was the winner of the request for proposal, having submitted the best technical and commercial solution. |
|
Relationship with the issuing |
Company has business relationships with other companies from Telecom Italia group. |
|
Rio de Janeiro, December 16, 2015.
TIM Participações S.A.
Rogério Tostes
Investor Relations Officer
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
TIM PARTICIPAÇÕES S.A. | |||
Date: December 16, 2015 | By: | /s/ Rogério Tostes | |
Name: Rogério Tostes | |||
Title: IRO |
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 a ctually 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.