DATE, TIME AND PLACE:
On September 05th, 2012, at 11:00am, in the City of Rome, Italy.
The Board of Directors of TIM Participações S.A. ("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, Maílson Ferreira da Nóbrega and Adhemar Gabriel Bahadian, either in person or by means of video conference, as provided in paragraph 2, Article 25 of the Company's By-laws. The meeting was also attended by Messrs. Alberto Emmanuel Carvalho Whitaker, Chairman of the Statutory Audit Committee, Mario Girasole, Regulatory and Institutional Affairs Officer, Lorenzo Federico Zanotti Lindner, Chief Operations Officer, Paolo Stoppaccioli, Human Resources Officer, Gustavo Alves, Tax Manager, and Jaques Horn, Legal Officer and Secretary.
Mr. Manoel Horacio Francisco da Silva – Chairman; and Mr. Jaques Horn – Secretary.
(1) To resolve on the modifications of the Company's organizational structure; (2) To acknowledge about the activities developed by Compensation Committee; (3) To acknowledge about the results of the Company's Long-Term Incentive Plan for the 2011 period (First Grant); (4) To resolve on the goals of the Company's Long-Term Incentive Plan for the 2012 period (Second Grant); (5) To resolve on the amendments of the Company's executives' Management by Objectives (MBO) for the 2012 period; (6) To acknowledge about the main aspects involving the Company's business and the update on the network development plan; (7) To resolve on the execution of grantees by TIM Celular S.A; and (8) Other matters of general interest of the Company.
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