SC 13D/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

Portugal Telecom SGPS S.A.

(Name of Issuer)

Ordinary Shares, Nominal Value €0.03 Per Share

(Title of Class of Securities)

737273102

(CUSIP Number)

Pedro Jereissati, Investor Relations Director

Telemar Participações S.A.,

Praia de Botafogo 300, 11th floor, sala 1101 (parte)

Botafogo, Rio de Janeiro, RJ, Brazil 22250-040

Tel: +55 21 3873-9016

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

May 24, 2012

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  ¨

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 737273102

1.	Name of Reporting Person Telemar Participações S.A.
2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a)  ¨        (b)  ¨
3.	SEC Use Only
4.	Source of Funds (See Instructions)     SC
5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    ¨
6.	Citizenship or Place of Organization     Federative Republic of Brazil
Number of Shares Beneficially Owned by Each Reporting Person With		7.	Sole Voting Power      89,651,205
		8.	Shared Voting Power     0
		9.	Sole Dispositive Power      89,651,205
		10.	Shared Dispositive Power     0
11.	Aggregate Amount Beneficially Owned by Each Reporting Person      89,651,205
12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    ¨
13.	Percent of Class Represented by Amount in Row (11)      10%
14.	Type of Reporting Person (See Instructions)     CO; HC

2

CUSIP No. 737273102

1.	Name of Reporting Person Oi S.A.
2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a)  ¨        (b)  ¨
3.	SEC Use Only
4.	Source of Funds (See Instructions)     SC
5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    ¨
6.	Citizenship or Place of Organization     Federative Republic of Brazil
Number of Shares Beneficially Owned by Each Reporting Person With		7.	Sole Voting Power      89,651,205
		8.	Shared Voting Power     0
		9.	Sole Dispositive Power      89,651,205
		10.	Shared Dispositive Power     0
11.	Aggregate Amount Beneficially Owned by Each Reporting Person      89,651,205
12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    ¨
13.	Percent of Class Represented by Amount in Row (11)     10%
14.	Type of Reporting Person (See Instructions)     CO; HC

3

CUSIP No. 737273102

1.	Name of Reporting Person Telemar Norte Leste S.A.
2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a)  ¨        (b)  ¨
3.	SEC Use Only
4.	Source of Funds (See Instructions)     SC
5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    ¨
6.	Citizenship or Place of Organization     Federative Republic of Brazil
Number of Shares Beneficially Owned by Each Reporting Person With		7.	Sole Voting Power      89,651,205
		8.	Shared Voting Power     0
		9.	Sole Dispositive Power      89,651,205
		10.	Shared Dispositive Power     0
11.	Aggregate Amount Beneficially Owned by Each Reporting Person      89,651,205
12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    ¨
13.	Percent of Class Represented by Amount in Row (11)     10%
14.	Type of Reporting Person (See Instructions)     CO

4

ITEM 1. SECURITY AND ISSUER

This Amendment No. 1 to Schedule 13D (this “Amendment”) relates to ordinary shares, €0.03 nominal value (the “Shares”), of Portugal Telecom, SGPS, S.A., a limited public company organized under the laws of The Portuguese Republic (the “Issuer”). The principal executive offices of the Issuer are located at Av. Fontes Pereira de Melo, 40, 1069-300 Lisboa, Portugal.

ITEM 2. IDENTITY AND BACKGROUND

Item 2 is hereby amended and restated in its entirety as follows:

This Amendment amends the Schedule 13D filed with the Securities and Exchange Commission on April 29, 2011 (the “Initial 13D” and as amended by this Amendment, this “Statement”) by Telemar Participações S.A. (“TmarPart”), Tele Norte Leste Participações S.A. (“TNL”), Telemar Norte Leste S.A. (“Telemar” and together with TmarPart and Oi S.A. (“Oi”), successor by merger to TNL, the “Reporting Persons”) by furnishing the information set forth below. Except as otherwise specified in this Amendment, all previous Items are unchanged. Capitalized terms used herein which are not defined herein have the meanings given to them in the Initial 13D.

This Amendment reflects (1) the increase in TmarPart’s, Oi’s and Telemar’s beneficial ownership of the Shares as a result of the purchases of Shares described in Item 5(c) below.

This Amendment is being filed jointly on behalf of each of the Reporting Persons. The agreement among the Reporting Persons to file this Amendment jointly in accordance with Rule 13d-1(k) of the Securities Exchange Act of 1934 is attached as Exhibit 99.1.

TmarPart is a corporation (sociedade anônima) organized under the laws of Brazil principally engaged, through its subsidiaries, in providing telecommunications services to customers in Brazil. The principal office of TmarPart is Praia de Botafogo 300, 11th floor, sala 1101 (parte) 22250-040, Rio de Janeiro, RJ, Brazil.

Oi is a corporation (sociedade anônima) organized under the laws of Brazil principally engaged, through its subsidiaries, in providing telecommunications services to customers in Brazil. The principal office of Oi is Rua General Polidoro, No. 99, 5th floor/part – Botafogo 22280-001 Rio de Janeiro, RJ, Brazil.

Telemar is a corporation (sociedade anônima) organized under the laws of Brazil principally engaged, through its subsidiaries, in providing telecommunications services to customers in Brazil. The principal office of Telemar is Rua Humberto de Campos, 425 – 8th Floor Leblon, Rio de Janeiro RJ 22430-190 Brazil.

The name, present principal occupation or employment (and the name, principal business and address of any corporation or other organization in which such employment is conducted) and citizenship of each director and executive officer, as applicable, of each Reporting Person is provided on Exhibit 99.2, which is incorporated by reference herein.

During the last five years, neither the Reporting Persons nor, to the knowledge of the Reporting Persons, any of the persons listed in Exhibit 99.2 has (i) been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction such that, as a result of such proceeding, such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activity subject to, federal or state securities laws or finding any violation with respect to such laws.

ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

Item 3 is hereby amended and restated in its entirety as follows:

The Shares were acquired by Telemar using a total amount of funds (including brokerage commissions) equal to approximately R$251,136,673.40. The Reporting Persons sourced such funds with cash on hand.

5

ITEM 4. PURPOSE OF TRANSACTION

Item 4 is hereby amended and restated in its entirety as follows:

The Shares to which this Statement relates were acquired by the Reporting Persons with the purpose of investing in the Issuer’s securities as part of a strategic alliance with the Issuer to develop a global telecommunications platform for cooperation to share best practices, achieve economies of scale, implement research and development initiatives, develop technologies, expand the parties’ international presence, diversify services, maximize synergies and reduce costs.

In April 2011, Pedro Jereissati and Otávio Marques de Azevedo were elected to the Issuer’s Board of Directors as nominees of Telemar. The Reporting Persons expect to engage in discussions with management, the Board of Directors, other shareholders of the Issuer and other relevant parties concerning the Issuer, which discussions may include considering one or more of the matters set forth in subparagraphs (a)-(j) of Item 4 of Schedule 13D.

Other than as described in this statement, none of the Reporting Persons nor, to the Reporting Persons best knowledge, any of the persons listed in Exhibit 99.2 hereto, has any present plan or proposal that would relate to or result in any of the matters set forth in subparagraphs (a)-(j) of Item 4 of Schedule 13D. The Reporting Persons, however, retain their rights to acquire additional Shares, to sell some or all of the Shares or to modify their plans with respect to any matters of the type described in sections (a)-(j) of Item 4.

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER

Item 5 is hereby amended and restated in its entirety as follows:

As reported in the Form 20-F furnished to the SEC by the Issuer on April 30, 2012, the total number of issued and outstanding Shares is 896,512,000.

(a) & (b) TmarPart:   TmarPart owns, directly and indirectly, 56.4% of the common shares of Oi. As a result, TmarPart has the sole power to vote and dispose of 89,651,205 Shares, representing 10% of the issued and outstanding Shares and may be deemed to beneficially own all of such shares.   The numbers of Shares beneficially owned by directors and executive officers of TmarPart are set forth below. TmarPart disclaims beneficial ownership of such securities of Portugal Telecom beneficially owned by such directors and executive officers.

TmarPart directors and executive officers:	Number of Shares held
Otávio Marques de Azevedo (Chairman of the Board of Directors)		0
Carlos Francisco Ribeiro Jereissati (Director)		0
Pedro Jereissati (Chief Executive Officer and Director)		0
José Augusto da Gama Figueira (Director)		0
Odali Dias Cardoso (Director)		0
Zeinal Abedin Mahomed Bava (Director)		63,161
Ivan Ribeiro de Oliveira (Alternate Director)		0
Emilio Garofalo Filho (Director)		0
Alexandre Jereissati Legey (Alternate Director)		0
Carlos Jereissati (Alternate Director)		0

6

José Mauro Mettrau Carneiro da Cunha (Director)		0
Armando de Santi Filho (Alternate Director)		0
Shakhaf Wine (Alternate Director)		0
Armando Galhardo Nunes Guerra Junior (Executive Officer)		0
Renato Sobral Pires Chaves (Executive Officer)		0
Maurício Marcellini Pereira (Director)		0
Luis Carlos Fernandes Afonso (Director)		0
Renato Torres de Faria (Alternate Director)		0
Rafael Cardoso Cordeiro (Alternate Director)		0
Ricardo Coutinho de Sena (Director)		0
Fernando Magalhães Portella (Alternate Director)		0
Rafael Pires de Sousa (Alternate Director)		0
Diego Hernandes (Alternate Director)		0
Pedro Guimaraes e Melo de Oliveira Guterres (Executive Officer)		0
Oi: Oi owns 100% of the common shares of Telemar. As a result, Oi has the sole power to vote and dispose of 89,651,205 Shares, representing 10% of the issued and outstanding Shares and may be deemed to beneficially own all of such shares. The numbers of Shares beneficially owned by directors and executive officers of Oi are set forth below. Oi disclaims beneficial ownership of such securities of Portugal Telecom beneficially owned by such directors and executive officers.
Oi directors and executive officers	Number of Shares held
José Mauro Mettrau Carneiro da Cunha (Chairman)		0
José Augusto da Gama Figueira (Alternate Director)		0
Zeinal Abedin Mahomed Bava (Director)		0
Luís Miguel da Fonseca Pacheco de Melo (Alternate Director)		45
Shakhaf Wine (Director)		0
Abilio Cesário Lopes Martins (Alternate Director)		552
Armando Galhardo Nunes Guerra Junior (Director)		0
Paulo Márcio de Oliveira Monteiro (Alternate Director)		0
Sergio Franklin Quintella (Director)		0
Bruno Gonçalves Siqueira (Alternate Director)		0
Renato Torres de Faria (Director)		0
Carlos Fernando Horta Bretas (Alternate Director)		0
Rafael Cardoso Cordeiro (Director)		0
André Sant’Anna Valladares de Andrade (Alternate Director)		0
Fernando Magalhães Portella (Director)		0
Carlos Jereissati (Alternate Director)		0
Alexandre Jereissati Legey (Director)		0
Carlos Francisco Ribeiro Jereissati (Alternate Director)		0
Pedro Jereissati (Director)		0

7

Cristina Anne Betts (Alternate Director)		0
Cristiano Yazbek Pereira (Director)		0
Erika Jereissati Zullo (Alternate Director)		0
Fernando Marques dos Santos ( Director)		0
Laura Bedeschi Rego de Mattos (Alternate Director)		0
José Valdir Ribeiro dos Reis (Director)		0
Luciana Freitas Rodrigues (Alternate Director)		0
Carlos Fernando Costa (Director)		0
Armando Ramos Tripodi (Alternate Director)		0
Carlos Augusto Borges (Director)		0
Alcinei Cardoso Rodrigues (Alternate Director)		0
João Carlos de Almeida Gaspar (Director)		0
Antonio Cardoso dos Santos (Alternate Director)		0
Francisco Tosta Valim Filho (Chief Executive Officer)		0
Alex Waldemar Zornig (Chief Financial Officer)		0
Francis James Leahy Meaney (Executive Officer)		0
Tarso Rebello Dias (Executive Officer)		0
Pedro Santos Ripper (Executive Officer)		0
Júlio Cesar Fonseca (Executive Officer)		0
Eurico de Jesus Teles Neto (Executive Officer)		0
João de Deus Pinheiro de Macêdo (Executive Officer)		0
Bayard de Paoli Gontijo (Executive Officer)		0
Telemar: Telemar beneficially owns, and has the sole power to vote and dispose of 89,651,205 Shares, representing 10% of the issued and outstanding Shares. As of May 11, 2012, the common stock of Telemar is no longer listed on any stock exchange. As a result Telemar is no longer subject to the requirements of any stock exchange and the Board of Directors of Telemar was dissolved on May 15, 2012. The numbers of Shares beneficially owned by the executive officers of Telemar are set forth below. Telemar disclaims beneficial ownership of such securities of Portugal Telecom beneficially owned by such executive officers.
Telemar executive officers	Number of Shares held
Francisco Tosta Valim Filho (Chief Executive Officer)		0
Alex Waldemar Zornig (Chief Financial Officer)		0
Tarso Rebello Dias (Executive Officer)		0
Francis James Leahy Meaney (Executive Officer)		0
João de Deus Pinheiro de Macêdo (Executive Officer)		0
Julio Cesar Fonseca (Executive Officer)		0
Eurico de Jesus Teles Neto (Executive Officer)		0
Pedro Santos Ripper (Executive Officer)		0
Bayard de Paoli Gontijo (Executive Officer)		0

8

(c) The following table details the open market purchases of Shares by Telemar in the past 60 days:

Date of Transaction	Number of Shares Purchased		Purchase Price
April 4, 2012		80,000	€4.0802 per share
April 10, 2012		720,000	€3.9128 per share
April 11, 2012		1,398,954	€3.8216 per share
April 12, 2012		833,327	€3.8034 per share
April 13, 2012		939,900	€3.7750 per share
April 16, 2012		672,752	€3.7656 per share
April 17, 2012		545,000	€3.7447 per share
April 18, 2012		770,000	€3.7460 per share
April 19, 2012		500,000	€3.7251 per share
April 20, 2012		200,000	€3.7794 per share
April 23, 2012		200,000	€3.7717 per share
April 24, 2012		448,845	€3.7785 per share
April 26, 2012		335,000	€3.8553 per share
April 27, 2012		390,000	€3.9094 per share
April 30, 2012		345,328	€3.9725 per share
May 2, 2012		550,000	€3.9447 per share
May 3, 2012		409,275	€4.0176 per share
May 4, 2012		700,000	€4.0631 per share
May 7, 2012		700,000	€3.9855 per share
May 8, 2012		700,000	€3.9929 per share
May 9, 2012		700,000	€4.0180 per share
May 10, 2012		500,000	€4.0471 per share
May 11, 2012		1,000,000	€4.2417 per share
May 14, 2012		1,100,000	€4.2125 per share
May 15, 2012		745,000	€4.1901 per share
May 16, 2012		605,233	€4.1874 per share
May 17, 2012		1,500,000	€4.1515 per share
May 18, 2012		1,200,000	€4.0503 per share
May 21, 2012		1,700,000	€3.9273 per share
May 22, 2012		1,900,000	€3.9769 per share
May 24, 2012		1,359,882	€3.9466 per share
May 24, 2012		1,345,143	€4.0207 per share

	Except as set forth in this Statement, none of the Reporting Persons nor, to the Reporting Persons best knowledge, any of the persons listed in Exhibit 99.2 hereto, has engaged in any transaction during the past 60 days in any Shares of the Issuer.
(d)	No other person is known to have the right to receive or the power to direct the receipt of dividends from, or any proceeds from the sale of, the common shares beneficially owned by the Reporting Persons.
(e)	Not applicable.

ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER

Not applicable.

9

ITEM 7. MATERIALS TO BE FILED AS EXHIBITS

Exhibit 99.1	Joint Filing Agreement, dated May 29, 2012.
Exhibit 99.2	Directors and Executive Officers of the Reporting Persons.

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

Dated: May 29, 2012

Telemar Participações S.A.
By:	/s/ Armando Galhardo Nunes Guerra Junior
	Name: Armando Galhardo Nunes Guerra Junior
	Title: Executive Officer
By:	/s/ Pedro Guimarães e Melo de Oliveira Guterres
	Name: Pedro Guimarães e Melo de Oliveira Guterres
	Title: Executive Officer
Oi S.A.
By:	/s/ Tarso Rebello Dias
	Name: Tarso Rebello Dias
	Title: Executive Officer
By:	/s/ Bayard de Paoli Gontijo
	Name: Bayard de Paoli Gontijo
	Title: Executive Officer
Telemar Norte Leste S.A.
By:	/s/ Tarso Rebello Dias
	Name: Tarso Rebello Dias
	Title: Executive Officer
By:	/s/ Bayard de Paoli Gontijo
	Name: Bayard de Paoli Gontijo
	Title: Executive Officer

10

EX-99.1

Exhibit 99.1

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the following:

(i) the joint filing on behalf of each of them of a statement on Schedule 13D (including subsequent amendments thereto) with respect to ordinary shares, 0.03 nominal value, of Portugal Telecom, SGPS, S.A., and

(ii) the inclusion of this Joint Filing Agreement as an exhibit to such joint filing, provided that, as contemplated by Section 13d-1(k)(1)(ii), no person shall be responsible for the completeness and accuracy of the information concerning the other persons making the filing unless such person knows or has reason to believe that such information is inaccurate.

The Joint Filing Agreement may be executed in any number of counterparts all of which together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of this 29^th day of May, 2012.

Telemar Participações S.A.
By:	/s/ Armando Galhardo Nunes Guerra Junior
	Name: Armando Galhardo Nunes Guerra Junior
	Title: Executive Officer
By:	/s/ Pedro Guimarães e Melo de Oliveira Guterres
	Name: Pedro Guimarães e Melo de Oliveira Guterres
	Title: Executive Officer
Oi S.A.
By:	/s/ Tarso Rebello Dias
	Name: Tarso Rebello Dias
	Title: Executive Officer
By:	/s/ Bayard de Paoli Gontijo
	Name: Bayard de Paoli Gontijo
	Title: Executive Officer
Telemar Norte Leste S.A.
By:	/s/ Tarso Rebello Dias
	Name: Tarso Rebello Dias
	Title: Executive Officer
By:	/s/ Bayard de Paoli Gontijo
	Name: Bayard de Paoli Gontijo
	Title: Executive Officer

EX-99.2

Exhibit 99.2

DIRECTORS AND EXECUTIVE OFFICERS OF THE REPORTING PERSONS

The following information is provided for each of the directors and executive officers of the Reporting Persons:

• Name

• Present principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted.

Executive Officers of Telemar

All of the following persons are citizens of the Federative Republic of Brazil, except Francis James Leahy Meaney, who is a citizen of Ireland.

Name	Business address	Present principal occupation or employment and the name of any corporation or other organization in which such employment is conducted
Francisco Tosta Valim Filho	Rua Humberto de Campos, 425/8° andar-Leblon, 22430-190, Rio de Janeiro – RJ, Brazil.	Chief Executive Officer, Telemar Chief Executive Officer, Oi Chief Executive Officer, Dommo Empreendimentos Imobiliários S.A. Chief Executive Officer, Tele Norte Celular Participações S.A. Chief Executive Officer, TNL PCS S.A. Chief Executive Officer, 14 Brasil Telecom Celular S.A.
Alex Waldemar Zornig	Rua Humberto de Campos, 425/8° andar-Leblon, 22430-190, Rio de Janeiro – RJ, Brazil.	Chief Financial Officer, Telemar Investor Relations Officer and Executive Officer, Oi Member of the Board of Directors, Chief Financial Officer and Investor Relations Officer, Tele Norte Celular Participações S.A. Chief Financial Officer, 14Brasil Telecom S.A. Executive Officer, TNL PCS S.A. Investor Relations Officer and Executive Officer, Dommo Empreendimentos Imobiliários S.A.
Tarso Rebello Dias	Rua Humberto de Campos, 425/8° andar-Leblon, 22430-190, Rio de Janeiro – RJ, Brazil.	Executive Officer, Telemar Executive Officer, Oi Vice President Executive Officer, Dommo Empreendimentos Imobiliários S.A. Member of the Board of Directors and Executive Officer, Tele Norte Celular Participações S.A. Executive Officer, 14 Brasil Telecom S.A. Executive Officer, TNL PCS S.A.
Francis James Leahy Meaney	Rua Humberto de Campos, 425/8° andar-Leblon, 22430-190, Rio de Janeiro – RJ, Brazil.	Executive Officer, Telemar Executive Officer, Oi Member of the Board of Directors, Dommo Empreendimentos Imobiliários S.A. Executive Officer, TNL PCS S.A. Executive Officer, 14 Brasil Telecom S.A.

João de Deus Pinheiro de Macêdo	Rua Humberto de Campos, 425/8° andar-Leblon, 22430-190, Rio de Janeiro – RJ, Brazil.	Executive Officer , Telemar Executive Officer, Oi Member of the Board of Directors, Dommo Empreendimentos Imobiliários S.A. Executive Officer, TNL PCS S.A. Executive Officer, 14 Brasil Telecom Celular S.A.
Julio Cesar Fonseca	Rua Humberto de Campos, 425/8° andar-Leblon, 22430-190, Rio de Janeiro – RJ, Brazil.	Executive Officer, Telemar Executive Officer, Oi Member of the Board of Directors, Dommo Empreendimentos Imobiliários S.A. Executive Officer, TNL PCS S.A. Executive Officer, 14 Brasil Telecom Celular S.A.
Eurico de Jesus Teles Neto	Rua Humberto de Campos, 425/8° andar-Leblon, 22430-190, Rio de Janeiro – RJ, Brazil.	Executive Officer, Telemar Executive Officer, Oi Executive Officer, TNL PCS S.A. Executive Officer, 14 Brasil Telecom Celular S.A.
Pedro dos Santos Ripper	Rua Humberto de Campos, 425/8° andar-Leblon, 22430-190, Rio de Janeiro – RJ, Brazil.	Executive Officer, Telemar Executive Officer, Oi Executive Officer, 14 Brasil Telecom Celular S.A. Executive Officer, TNL PCS S.A.
Bayard de Paoli Gontijo	Rua Humberto de Campos, 425/8° andar-Leblon, 22430-190, Rio de Janeiro – RJ, Brazil.	Executive Officer, Telemar Executive Officer, Oi Executive Officer, TNL PCS S.A. Executive Officer, 14 Brasil Telecom Celular S.A.

Directors and Executive Officers of Oi

All of the following persons are citizens of the Federative Republic of Brazil, except Francis James Leahy Meaney, who is a citizen of Ireland and Zeinal Abedin Mahomed Bava, who is a citizen of Portugal.

Name	Business address	Present principal occupation or employment and the name of any corporation or other organization in which such employment is conducted
José Augusto da Gama Figueira	Praia de Botafogo 300, 11th floor, sala 1101 (parte) 22250-040, Rio de Janeiro, RJ, Brazil	Member of the Board of Directors, TmarPart Chief Executive Officer and Director, Valverde Alternate Member of the Board of Directors, Oi S.A. Alternate Member of the Board of Directors, Dommo Empreendimentos Imobiliários S.A.Alternate Member of the Board of Directors, Tele Norte Celular Participações S.A.
Zeinal Abedin Mahomed Bava	Rua Borges de Medeiros, 633, cj 301, Lagoa, Rio de Janeiro/RJ, Brazil	Member of the Board of Directors, TmarPart Member of the Board of Directors, Oi Chief Executive Officer and Executive Member of the Board of Directors of Portugal Telecom Chief Executive Officer and Chairman of the Board of Directors of PT Comunicações and TMN

Luís Miguel da Fonseca Pacheco de Melo	Rua Borges de Medeiros, 633, conjunto 301, CEP 22430-041, Rio de Janeiro, RJ	Alternate Member of Board of Directors, Oi Chief Financial Officer and Executive Member of the Board of Directors of Portugal telecom, SGPS S.A
Shakhaf Wine	Rua Borges de Medeiros, 633, cj 301, Lagoa, Rio de Janeiro/RJ, Brazil	Alternate Member of Board of Directors, TmarPart Member of the Board of Directors, Oi Executive Director, Portugal Telecom, SGPS, S.A. President of the Board of Directors of Bratel Brasil S.A. Member of the Board of Directors, Contax Participações S.A. Vice President, Pasa Participações S.A. Vice President EDSP75 Participações S.A. Member of the Board of Directors and Chairman and Chief Executive Officer of Portugal Telecom Brasil S.A. Vice President, AG Telecom Participações S.A.
Abilio Cesário Lopes Martins	Rua Borges de Medeiros, 633, cj 301, Lagoa, Rio de Janeiro/RJ, Brazil	Manager of the Corporate Communications Department of Portugal Telecom Executive Member of the Boards of PT Portugal, PT Comunicações and TMN Alternate Member of the Board of Directors, Oi
Armando Galhardo Nunes Guerra Jr	Av. Contorno, 8080 – Bairro Lourdes – Belo Horizonte – MG, Brazil	Executive Officer, TmarPart Member of the Board of Directors, Oi Member of the Board of Directors, Cosipar – Cia Siderúrgica do Pará Member of the Board of Directors, Kepler Weber S.A. Member of the Board of Directors, MASB – Desenvolvimento Imobiliário S.A. Member of the Board of Directors, ESTRE Ambiental S.A. Member of the Board of Directors, Contax Participações S.A.
Paulo Márcio de Oliveira Monteiro	Av. Contorno, 8080 – Bairro Lourdes – Belo Horizonte – MG, Brazil	Financial Manager of Andrade Gutierrez Concessões S.A Alternate Member of the Board of Directors of Companhia Energética de Minas Gerais – CEMIG Alternate Member of the Board of Directors of CCR S.A. Alternate Member of the Board of Directors, Oi
Sergio Franklin Quintella	Praia de Botafogo 190, 12th floor, sala 1101 (parte) 22250-040, Rio de Janeiro, RJ, Brazil	Member of the Board of Directors of Petróleo Brasileiro S.A. – Petrobrás Member of Conselho Técnico of Confederação Nacional do Comércio Member of the Board of Directors, Oi

Bruno Gonçalves Siqueira	Av. do Contorno, 8123 – Bairro: Cidade Jardim – CEP: 30110-937 – Belo Horizonte – MG, Brazil	Accounting Analyst of Andrade Gutierrez Concessões S/A, Alternate member of the Fiscal Council of Contax Participações S.A Alternate Member of the Board of Directors, Oi
Renato Torres de Faria	Av. do Contorno, 8123 – Bairro: Cidade Jardim – CEP: 30110-937 – Belo Horizonte – MG, Brazil	Alternate Member of Board of Directors, TmarPart Member of the Board of Directors, Oi Chief Financial Officer and Investor Relations Officer, Andrade Gutierrez Concessões S.A. Superintendent officer and member of the board of directors of Domino Holdings S.A. Chief Executive Officer, Water Port S.A. Member of the board of directors, Concessões Rodoviárias S.A. – CCR
Carlos Fernando Horta Bretas	Av. do Contorno, 8123 – Bairro: Cidade Jardim – CEP: 30110-937 – Belo Horizonte – MG, Brazil	Project Manager of Andrade Gutierrez Concessões S/A Alternate Member of the Board of Directors, Oi
Rafael Cardoso Cordeiro	Av. do Contorno, 8123 – Bairro: Cidade Jardim – CEP: 30110-937 – Belo Horizonte – MG, Brazil	Alternate Member of Board of Directors, TmarPart Executive Officer, Valverde Member of the Board of Directors, Oi Gerente financeiro da Andrade Gutierrez Concessões S/A Member of Board of Directors, Water Port S/A Member of Board of Directors, Companhia Energética de Minas Gerais – CEMIG
André Sant’Anna Valladares de Andrade	Av. do Contorno, 8123 – Bairro: Cidade Jardim – CEP: 30110-937 – Belo Horizonte – MG, Brazil	Project Analyst of Andrade Gutierrez Concessões S/A Alternate Member of the Board of Directors, Oi
Fernando Magalhães Portella	Rua Angelina Maffei Vita nº. 200 – 9º andar, Jardim Paulistano, 01489-900, São Paulo/SP, Brazil.	Alternate Member of Board of Directors, TmarPart Member of the Board of Directors, Oi Chief Executive Officer, Jereissati Participacões S.A. Member of Board of Directors, Iguatemi Empresa de Shopping Center S.A.
Carlos Jereissati	Rua Angelina Maffei Vita nº. 200 – 9º andar, Jardim Paulistano, 01489-900, São Paulo/SP, Brazil.	Alternate Member of Board of Directors, TmarPart Alternate Member of the Board of Directors, Oi Chief Executive Officer, Iguatemi Empresa de Shopping Centers – IESC Member of the Board of

		Directors, Jereissati Participações S.A. Member of the Board of Directors, LF Tel S.A. Member of the Board of Directors, Jereissati Telecom S.A. Member of the Board of Directors, CTX Participações S.A. Member of the Board of Directors, Contax Participações S.A.
Alexandre Jereissati Legey	Rua Angelina Maffei Vita nº. 200 – 9º andar, Jardim Paulistano, 01489-900, São Paulo/SP, Brazil.	Alternate Member of Board of Directors, TmarPart Executive Officer, Valverde Member of the Board of Directors, Oi Alternate Member of the Board of Directors, Tele Norte Celular Participações S.A. Chief Financial Officer and Investor Relations Officer, LF Tel S.A. Chief Financial Officer and Investor Relations Officer, Jereissati Telecom S.A. Vice President, EDSP75 Participações S.A. Member of the Board of Directors, Contax Participações S.A. Member of the Board of Directors, CTX Participações S.A.
Carlos Francisco Ribeiro Jereissati	Rua Angelina Maffei Vita nº. 200 – 9º andar, Jardim Paulistano, 01489-900, São Paulo/SP, Brazil.	Member of the Board of Directors, TmarPart Alternate Director, Oi Chairman of the Board of Directors, Iguatemi Empresas de Shopping Centers S.A. Chairman of the Board of Directors, Jereissati Telecom S.A. Chairman of the Board of Directors, LF Tel S.A. Chairman of the Board of Directors, Jereissati Participações S.A.
Pedro Jereissati	Rua Angelina Maffei Vita nº. 200 – 9º andar, Jardim Paulistano, 01489-900, São Paulo/SP, Brazil.	Chief Executive Officer and Investor Relations Officer and Director, TmarPart Director, Oi Non Executive Director, Portugal Telecom SGPS, S.A. Chief Executive Officer and Director, Jereissati Telecom S.A. Chief Executive Officer and Director, EDSP75 Participações S.A. Chief Executive Officer and Director, LF Tel S.A. Member of the Board of Directors, Iguatemi Empresa de Shopping Centers S.A. Member of the Board of Directors, Jereissati Participações S.A. Member of the Board of Directors, Contax Participações S.A. Member of the Board of Directors, CTX Participações S.A.

Cristina Anne Betts	Rua Angelina Maffei Vita nº. 200 – 9º andar, Jardim Paulistano, 01489-900, São Paulo/SP, Brazil.	Financial Vice President of Iguatemi Empresa de Shopping Centers S.A. Alternate Member of the Board of Directors, Oi
Cristiano Yazbek Pereira	Rua Angelina Maffei Vita nº. 200 – 10º andar, Jardim Paulistano, 01489-900, São Paulo/SP, Brazil.	Corporate Strategy Manager of Jereissati Participações S.A. Member of the Board of Directors of Contax Participações S.A. Member of the Board of Directors, Oi
Erika Jereissati Zullo	Rua Angelina Maffei Vita nº. 200 – 9º andar, Jardim Paulistano, 01489-900, São Paulo/SP, Brazil.	Retail Vice-President of Iguatemi Empresa de Shopping Centers S.A. Alternate member of the Board of Abrasce – Associação Brasileira de Shopping Center S.A. Alternate Director, Oi
Fernando Marques dos Santos	Avenida República do Chile, nº 100 – 21º andar, centro, Rio de Janeiro/RJ, Brazil	Human Resources Director of BNDES Member of the Board of Directors, Oi
Laura Bedeschi Rego de Mattos	Avenida República do Chile, nº 100 – 13º andar, centro, Rio de Janeiro/RJ, Brazil	Head of Investments and Stock Portfolio Department of BNDESPAR Alternate Member of the Board of Directors of VALEPAR S/A Alternate Member of the Board of Directors of América Latina Logística S/A Alternate Member of the Board of Directors of Fibria Celulose S/A. Alternate Member of the Board of Directors, Oi
José Valdir Ribeiro dos Reis	SBS Ed. Casa de São Paulo – Térreo – Brasília/DF – CEP: 70078-900, Brazil	CEO and Member of the Board of Directors of COOPERFORTE – Cooperativa de Economia e Crédito Mútuo dos Funcionários de Instituições Financeiras Públicas Federais Member of the Board of Directors, Oi
Luciana Freitas Rodrigues	Praia de Botafogo 501, 4th floor, sala 1101 (parte) 22250-040, Rio de Janeiro, RJ, Brazil	Core Manager of PREVI – Caixa de Previdência dos Funcionários do Banco do Brasil Member of the Board of Directors of VALEPAR S/A Alternate Member of the Board of Directors, Oi
Carlos Fernando Costa	Rua do Ouvidor, 98 – 9º andar – Centro – Rio de Janeiro – 20040-030, Brazil	Director of Investments of Petros Member of the Board of Directors, Invepar – Investimentos e Participações em Infraestrutura S.A. Member of the Board of Directors, Log-in Logística S.A. Alternate Member of the Board of Directors, Lupatech S/A Member of the Board of Directors, Oi
Armando Ramos Tripodi	Avenida República do Chile, 65 –23º andar – Centro – Rio de Janeiro – RJ – CEP 20031-912, Brazil	Presidente Chief of Staff of Petrobrás Member of the Board of Fundação PETROS Alternate Member of the Board of Directors, Oi

Carlos Augusto Borges	SCN, Quadra 02, Bloco “A”, Edifício Corporate Financial Center – 11° andar	Member of Board of Directors, TmarPart Member of the Board of Directors, Oi Member of Board of Directors, Valepar S.A. Office of Participações Societárias e Imobiliárias da FUNCEF
Alcinei Cardoso Rodrigues	SCN, Quadra 02 – Bloco A – 11º andar Ed. Corporate Financial Center Brasilia – DF – CEP 70712-900, Brazil	Coordinator of Investments and Stock Portfolio Department of Funcef Alternate Member of the Board of Directors, Oi
João Carlos de Almeida Gaspar	Rua Joaquim Floriano, nº. 100 – conj. 191 – Itaim Bibi, 04534-000, São Paulo – SP, Brazil	Member of the Board of Directors, Oi
Antonio Cardoso dos Santos	SQS, nº 112 – Bloco C – apto. 602, 70375-030, Brasília – DF, Brazil	Alternate Member of the Board of Directors, Oi
Francisco Tosta Valim Filho	Rua Humberto de Campos, 425/8° andar - Leblon, 22430-190, Rio de Janeiro – RJ, Brazil	Chief Executive Officer, Telemar Chief Executive Officer, Oi Chief Executive Officer, Tele Norte Celular Participações S.A. Chief Executive Officer, TNL PCS S.A. Chief Executive Officer, 14 Brasil Telecom S.A.
Alex Waldemar Zornig	Rua Humberto de Campos, 425/8° andar - Leblon, 22430-190, Rio de Janeiro – RJ, Brazil	Chief Financial Officer , Telemar Chief Financial Officer and Executive Officer, Oi Member of the Board of Directors, Chief Financial Officer and Investor Relations Officer, Tele Norte Celular Participações S.A. Chief Financial Officer, 14Brasil Telecom S.A. Executive Officer, TNL PCS S.A.
Francis James Leahy Meaney	Rua Humberto de Campos, 425/8° andar - Leblon, 22430-190, Rio de Janeiro – RJ, Brazil	Executive Officer and Director, Telemar Executive Officer, Oi
Tarso Rebello Dias	Rua Humberto de Campos, 425/8° andar - Leblon, 22430-190, Rio de Janeiro – RJ, Brazil	Executive Officer, Telemar Executive Officer, Oi
Pedro dos Santos Ripper	Rua Humberto de Campos, 425/8° andar - Leblon, 22430-190, Rio de Janeiro – RJ, Brazil	Executive Officer, Oi
Júlio Cesar Fonseca	Rua Humberto de Campos, 425/8° andar - Leblon, 22430-190, Rio de Janeiro – RJ, Brazil	Director, Telemar Executive Officer, Oi
Eurico de Jesus Teles Neto	Rua Humberto de Campos, 425/8° andar - Leblon, 22430-190, Rio de Janeiro – RJ, Brazil	Alternate Director, Telemar Executive Officer, Oi
João de Deus Pinheiro de Macêdo	Rua Humberto de Campos, 425/8° andar - Leblon, 22430-190, Rio de Janeiro – RJ, Brazil	Director, Telemar Executive Officer, Oi
Bayard de Paoli Gontijo	Rua Humberto de Campos, 425/8° andar - Leblon, 22430-190, Rio de Janeiro – RJ, Brazil	Executive Officer, Oi

Directors and Executive Officers of TmarPart

All of the following persons are citizens of the Federative Republic of Brazil, except for Zeinal Abedin Mahomed Bava and Pedro Guimaraes e Melo de Oliveira Guterres, who are citizens of Portugal.

Name	Business address	Present principal occupation or employment and the name of any corporation or other organization in which such employment is conducted
Otávio Marques de Azevedo	Rua Doutor Geraldo Campos Moreira nº. 375 – 9º andar, Brooklin Novo, 04571-020, São Paulo/SP, Brazil.	Chairman of the Board of Directors, TmarPart, Non Executive Director, Portugal Telecom SGPS, S.A. Chief Executive Officer of Andrade Gutierrez Telecomunicações LTDA Chief Executive Officer of AG Telecom Participações S.A. Chief Executive Officer, Pasa Participações S.A. Alternate Member of the board of directors, Tele Norte Celular Participações S.A. Chief Executive Officer, Andrade Gutierrez S/A
Carlos Francisco Ribeiro Jereissati	Rua Angelina Maffei Vita nº. 200 – 9º andar, Jardim Paulistano, 01489-900, São Paulo/SP, Brazil.	Member of the Board of Directors, TmarPart Alternate Member of the Board of Directors, Oi Chairman of the Board of Directors, Iguatemi Empresas de Shopping Centers S.A. Chairman of the Board of Directors, Jereissati Telecom S.A. Chairman of the Board of Directors, LF Tel S.A. Chairman of the Board of Directors, Jereissati Participações S.A.
Pedro Jereissati	Rua Angelina Maffei Vita nº. 200 – 9º andar, Jardim Paulistano, 01489-900, São Paulo/SP, Brazil.	Chief Executive Officer and Investor Relations Officer and Director, TmarPart Member of the Board of the Directors, Oi Non Executive Director, Portugal Telecom SGPS, S.A. Chief Executive Officer and Director, Jereissati Telecom S.A. Chief Executive Officer and Director, EDSP75 Participações S.A. Chief Executive Officer and Director, LF Tel S.A. Member of the Board of Directors, Iguatemi Empresa de Shopping Centers S.A. Member of the Board of Directors, Jereissati Participações S.A. Member of the Board of Directors, Contax Participações S.A. Member of the Board of Directors, CTX Participações S.A.

José Augusto da Gama Figueira	Praia de Botafogo 300, 11th floor, sala 1101 (parte) 22250-040, Rio de Janeiro, RJ, Brazil	Member of the Board of Directors, TmarPart Chief Executive Officer and Director, Valverde Alternate Member of the Board of Directors, Oi S.A. Alternate Member of the Board of Directors, Dommo Empreendimentos Imobiliários S.A. Alternate Member of the Board of Directors, Tele Norte Celular Participações S.A.
Odali Dias Cardoso	Av. Borges de Medeiros, 829, Lagoa – Rio de Janeiro/RJ, Brazil	Member of the Board of Directors, TmarPart President da Associação Atlética Banco do Brasil (AABB – Rio de Janeiro)
Zeinal Abedin Mahomed Bava	Rua Borges de Medeiros, 633, cj 301, Lagoa, Rio de Janeiro/RJ, Brazil	Member of the Board of Directors, TmarPart Member of the Board of Directors, Oi Chief Executive Officer and Executive Member of the Board of Directors of Portugal Telecom Chief Executive Officer and Chairman of the Board of Directors of PT Comunicações and TMN
Ivan Ribeiro de Oliveira	Alameda da Serra, nº. 400, 5º andar, Vila da Serra, Nova Lima/MG, Brazil.	Alternate Member of the Board of Directors, TmarPart Chief Executive Officer, Axxiom Soluções Tecnológicas S.A.
Emilio Garofalo Filho	Esplanada dos Ministérios, Bloco J – 7° andar, sala 700 – Brasília/DF, Brazil.	Executive Secretary of CAMEX – Câmara de Comércio Exterior Member of the Board of Directors, TmarPart
Alexandre Jereissati Legey	Rua Angelina Maffei Vita nº. 200 – 9º andar, Jardim Paulistano, 01489-900, São Paulo/SP, Brazil.	Alternate Member of Board of Directors, TmarPart Executive Officer, Valverde Director, Oi Alternate Member of the Board of Directors, Tele Norte Celular Participações S.A. Chief Financial Officer and Investor Relations Officer, LF Tel S.A. Chief Financial Officer and Investor Relations Officer, Jereissati Telecom S.A. Vice President, EDSP75 Participações S.A. Member of the Board of Directors, Contax Participações S.A. Member of the Board of Directors, CTX Participações S.A.
Carlos Jereissati	Rua Angelina Maffei Vita nº. 200 – 9º andar, Jardim Paulistano, 01489-900, São Paulo/SP, Brazil.	Alternate Member of Board of Directors, TmarPart Alternate Director, Oi Chief Executive Officer, Iguatemi Empresa de Shopping Centers – IESC Member of the Board of

		Directors, Jereissati Participações S.A. Member of the Board of Directors, LF Tel S.A. Member of the Board of Directors, Jereissati Telecom S.A. Member of the Board of Directors, CTX Participações S.A. Member of the Board of Directors, Contax Participações S.A.
José Mauro Mettrau Carneiro da Cunha	Praia de Botafogo 300, 11th floor, sala 1101 (parte) 22250-040, Rio de Janeiro, RJ, Brazil	Member of Board of Directors, TmarPart Member of the Board of Directors, Log-in alifórni Intermodal S/A Member of the Board of Directors, Lupatech S/A Chairman of the Member of the Board of Directors, Telemar Norte Leste S.A. Chairman of the Member of the Board of Directors, Oi S.A. Chairman of the Member of the Board of Directors, Tele Norte Celular Participações S.A. Chairman of the Member of the Board of Directors, TNL PCS S.A. Chairman of the Member of the Board of Directors, Dommo Empreendimentos Imobiliários S.A.
Armando de Santi Filho	Av. Padre Pereira de Andrade, 545, ap. 92 B, Boacava, São Paulo/SP – Brazil	Alternate Member of the Board of Directors, TmarPart Executive Officer, ASF Consultoria Ltda.
Shakhaf Wine	Rua Borges de Medeiros, 633, cj 301, Lagoa, Rio de Janeiro/RJ, Brazil	Alternate Member of Board of Directors, TmarPart Member of the Board of Directors, Oi Executive Director, Portugal Telecom, SGPS, S.A. President of the Board of Directors of Bratel Brasil S.A. Member of the Board of Directors, Contax Participações S.A. Vice President, Pasa Participações S.A. Vice President EDSP75 Participações S.A. Member of the Board of Directors and Chairman and Chief Executive Officer of Portugal Telecom Brasil S.A. Vice President, AG Telecom Participações S.A.
Maurício Marcellini Pereira	SCN, Quadra 02, Bloco “A”, Edifício Corporate Financial Center – 13° andar. Brasília/DF, CEP: 70.712-910, Brazil	Investments Manager of Funcef – Fundação dos Economiários Federais Member of Board of Directors, TmarPart

Luis Carlos Fernandes Afonso	Rua do Ouvidor, 98/9 andar, Centro, Rio de Janeiro, Brazil	Member of Board of Directors, TmarPart Chief Executive Officer, Fundação Petrobrás de Seguridade Social – PETROS Member of Board of Directors, Perdigão Agro-Industrial S.A. Member of Board of Directors, BRF – Brasil Foods S/A Member of Board of Directors, Iguatemi Empresa de Shopping Center S.A. Member of Board of Directors, Indústrias Romi
Renato Torres de Faria	Av. do Contorno, 8123 – Bairro: Cidade Jardim – CEP: 30110-937 – Belo Horizonte – MG, Brazil	Alternate Member of Board of Directors, TmarPart Member of the Board of Directors, Oi Chief Financial Officer and Investor Relations Officer, Andrade Gutierrez Concessões S.A. Superintendent officer and member of the board of directors of Domino Holdings S.A. Chief Executive Officer, Water Port S.A. Member of the board of directors, Concessões Rodoviárias S.A. – CCR
Rafael Cardoso Cordeiro	Av. do Contorno, 8123 – Bairro: Cidade Jardim – CEP: 30110-937 – Belo Horizonte – MG, Brazil	Alternate Member of Board of Directors, TmarPart Executive Officer, Valverde Member of the Board of Directors, Oi Gerente financeiro da Andrade Gutierrez Concessões S/A Member of Board of Directors, Water Port S/A Member of Board of Directors, Companhia Energética de Minas Gerais – CEMIG
Ricardo Coutinho de Sena	Av. do Contorno, 8123 – Bairro: Cidade Jardim – CEP: 30110-937 – Belo Horizonte – MG, Brazil	Member of Board of Directors, TmarPart Chief Executive Officer and Director, Andrade Gutierrez Concessões S.A. Member of Board of Directors, CCR S.A. Member of Board of Directors, QUIPORT – Concessionária do Aeroporto Internacional de Quito – Equador Member of Board of Directors, Domino Holdings S.A. Member of Board of Directors, Companhia Energética de Minas Gerais - CEMIG
Fernando Magalhães Portella	Rua Angelina Maffei Vita nº. 200 – 9º andar, Jardim Paulistano, 01489-900, São Paulo/SP, Brazil.	Alternate Member of Board of Directors, TmarPart Member of the Board of Directors, Oi Chief Executive Officer, Jereissati Participacões S.A. Member of Board of Directors, Iguatemi Empresa de Shopping Center S.A.

Rafael Pires de Sousa	SCN, Quadra 02, Bloco “A”, Edifício Corporate Financial Center – 12° andar, Brasília/DF, CEP: 70.712-910, Brazil	Human Resources Manager of Funcef Alternate Member of Board of Directors, TmarPart
Diego Hernandes	Av. Republica do Chile nº. 65, sala 702 – Centro, Rio de Janeiro – RJ – Brazil	Human Resources Executive Manager of Petros Alternate Member of Board of Directors, TmarPart
Pedro Guimaraes e Melo de Oliveira Guterres	Rua Borges de Medeiros, 633, conjunto 301, CEP 22430-041, Rio de Janeiro, RJ, Brazil	Executive Officer, TmarPart Member of Board of Directors, Portugal Telecom Brasil S.A.
Armando Galhardo Nunes Guerra Junior	Av. Contorno, 8080 – Bairro Lourdes – Belo Horizonte – MG, Brazil	Executive Officer, TmarPart Member of the Board of Directors, Oi Member of the Board of Directors, Cosipar – Cia Siderúrgica do Pará Member of the Board of Directors, Kepler Weber S.A. Member of the Board of Directors, MASB – Desenvolvimento Imobiliário S.A. Member of the Board of Directors, ESTRE Ambiental S.A. Member of the Board of Directors, Contax Participações S.A.
Renato Sobral Pires Chaves	Praia de Botafogo, n° 300 – 11° andar, Botafogo, 22250-040, Rio de Janeiro/RJ, Brazil	Executive Officer, TmarPart