DATE, TIME AND PLACE:
On July 5th, 2012, at 9:0 am, at the head offices of TIM Participações S.A. ("Company"), located in the City and State of Rio de Janeiro.
The Board of Directors of the Company was held at the date, time and place above mentioned, in the presence of Messrs. Manoel Horacio Francisco da Silva, Gabriele Galateri di Genola e Suniglia, Andrea Mangoni, Carmelo Furci, Stefano de Angelis, Oscar Cicchetti and Adhemar Gabriel Bahadian, either in person or by means of audio conference, as provided in paragraph 2, Article 25 of the Company's By-laws. It was registered the justified absence of Mr. Maílson Ferreira da Nóbrega. The meeting was also attended by Messrs. Alberto Emmanuel Carvalho Whitaker, Chairman of the Company's Statutory Audit Committee, Claudio Zezza, Chief Financial Officer, Mario Girasole, Regulatory Affairs Officer, Lorenzo Federico Zanotti Lindner, Chief Operations Officer, Daniel Junqueira Pinto Hermeto, Purchasing & Supply Chain Officer, Rogério Tostes Lima, Investor Relations Officer, and Jaques Horn, Legal Officer and Secretary.
Mr. Manoel Horacio Francisco da Silva – Chairman; and Mr. Jaques Horn – Secretary.
(1) To acknowledge the results of the 4G Network's auction and the next steps to be taken; (2) To acknowledge the activities carried out by the Internal Control and Corporate Governance Committee; (3) To evaluate and discuss about the telecommunications market in Brazil; (4) To resolve on the re-ratification of the long term financing agreement executed with European Investment Bank – EIB; (5) To resolve on the negotiations concerning the property where is installed the Polo Industria de Santo André and to acknowledge the other aspects related to such subject; and (6) Other subjects of general interest to the Company.
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