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&BOVESPA: TIMP3; NYSE: TSU), in compliance with CVM Instruction nº552/14, hereby informs that on march 14, 2016 it was celebrated the related party transaction as below:
Name of the Related-Party |
ITALTEL BRASIL LTDA. |
Transaction Date |
03/14/2016 |
Value Involved (Reais) |
R$ 53,447,905.87 |
Balance Remaining (Reais) |
N/A |
Total (Reais) |
N/A |
Duration |
01/01/2016 to 12/31/2016 |
Loan or another type of debt |
N/A |
Interest rate charged |
N/A |
Contract object |
Supply of equipment and provision of services by demand for IP Backbone platform that includes: • Hardware and Software Supply; |
Warranty or insurance |
Bank guarantee letter: Creditors: TIM Celular S.A. / Guarantor: MAPFRE SEGUROS GERAIS S.A. / Bailed: Italtel Brasil LTDA / Expiration: 01/01/2016 until 12/31/2016 / Guarantee value limitation of R$ 5,344,790.59 |
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 communications networks and services based on IP protocol, supporting the strategy of development of the Network TIM Brazil. |
Relationship with the issuing |
Company has business relationships with other companies from Telecom Italia group. |
Rio de Janeiro, March 18, 2016.
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: March 18, 2016 | 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.