FCC Record, Volume 27, No. 7, Pages 5674 to 6652, May 23 - June 15, 2012 Page: 5,742
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SCI,-T/C-20120327-00005 P Brasil Telecom of America Inc
Transfer of Control
Grant of Authority Date of Action 05,23 2012
Current licensee: Brasil Telecom of Amenrica Inc
FROM: Telemar Nonre Leste S A
TO: Oi S.A.
Notification filed March 27, 2012, of the pro forma transfer of control of the cable landing license for the GlobeNet cable system.
SCL-LIC-19990602-00010, SCL MOD-20030701-00022. held by Brasil Telecom of Amenca Inc. (GlobeNet), from Telemar Norte Leste S.A.
(TMAR) to Oi S.A., effective February 27, 2012. The GlobeNet cable system links two cable landing stations on the east coast of the Unimted
States with cable landing stations in Bermuda. Venezuela and Brazil.
GlobeNet is controlled by Telemar Participacoes S.A. (TmarPan) through a series of subsidianes. In a reorganization to simplify the corporate
structure, newly issued shares of one of TmarPart's subsidiaries, Coan Participacoes S.A. (Coari), were exchanged for outstanding shares issued
by TMAR. At the same time, Coari and another subsidiary, Tele Nonrte Leste Participacoes S.A.. were merged into a third subsidiary, Brasil
Telecom S A , whluch w as subsequently renamed O S.A. As a result, TmarPart has a direct controlling interest in Oi S A., and TMAR and
GlobeNet are direct and indirect wholly- owned subsidiaries of Oi S A. respectively. Shares of Oi S.A are publicly listed on the BOVESPA
market in Sao Paulo, Brazil and on the New York stock exchange. The corporate reorganization does not affect the ultimate control of GlobeNet
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United States. Federal Communications Commission. FCC Record, Volume 27, No. 7, Pages 5674 to 6652, May 23 - June 15, 2012, book, June 2012; Washington D.C.. (digital.library.unt.edu/ark:/67531/metadc111171/m1/85/: accessed December 15, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.