Net Servicos de Comunicacao SA : Material Fact - 10/19/2011
10/19/2011| 07:35am US/Eastern
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Rua Verbo Divino nº 1.356 - 1º andar, São Paulo-SP
MATERIAL FACTNet Serviços de Comunicação S.A. (“NET”), in accordance with Paragraph 4 of Article
157 of Law 6,404/76, and CVM Rule 358/02, hereby announces to its shareholders, the market and other stakeholders that it has requested the National Telecommunications Agency (“ANATEL”), together with its controlling shareholder GB Empreendimentos e
Participações S.A. ("GB"), and Globo Comunicação e Participações S.A. ("Globo"),
Embratel Participações S.A (“ Emb rapa r”)
and Empresa Brasileira de Telecomunicações
S.A. – EMBRATEL, authorization for Embrapar to acquire from Globo, current controlling shareholder of GB, common shares issued by GB in an amount sufficient to ensure Embrapar the majority of its voting capital.
Once this transaction is approved by ANATEL and carried out, Embrapar, together with its subsidiary Embratel, will control GB directly and NET indirectly.
São Paulo, October 18, 2011.
José Antônio Guaraldi Félix
CEO and Investor Relations Officer
NET SERVIÇOS DE COMUNICAÇÃO S.A.
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