Telecom Italia S.p.A. reports that its Board of Directors, during today's proceedings, has acknowledged the press release with which the company OI S.A. declared it has signed a contract with the Bank BTG Pactual to “to review alternatives with the purpose of enabling a viable proposal for the acquisition of the shares of TIM Participações S.A. indirectly held by Telecom Italia SpA”.
The Company, in confirming that TIM Brasil is a strategic asset on which it is committed to concentrating important investment and growth prospects, specifies it is completely extraneous to the OI S.A initiative about which it knows nothing.
Milan, 27 August 2014
