Oi : Notice to the Market - Hearing in Netherlands on applications for conversion of the procedures for suspension of payments
January 13, 2017 at 04:40 am IST
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Oi S.A.
Corporate Taxpayers' Registry (CNPJ/MF) No. 76.535.764/0001-43
Board of Trade (NIRE) No. 33.300.29520-8
Publicly-Held Company
NOTICE TO THE MARKET
Oi S.A. - In Judicial Reorganization ('Oi' or 'Company'), in continuance of and in addition to the information contained in the Notices to the Market disclosed by the Company on November 29, 2016 and December 1, 2016, hereby informs its shareholders and the market in general that, on this date, a hearing was held in the District Court of Amsterdam, The Netherlands, in relation to the requests for conversion of the suspension of payments proceedings for each of Oi's financial vehicles in the Netherlands, Oi Brasil Holdings Coöperatief UA - In Judicial Reorganization ('Oi Brasil Holdings') and Portugal Telecom International Finance B.V. - In Judicial Reorganization ('PTIF'). The District Court of Amsterdam, The Netherlands, informed that it expects to render its decision in relation to both Oi Brasil Holdings' and PTIF's hearings for the conversion of their respective suspension of payments proceedings on January 26, 2017.
Oi reiterates that it is making all efforts to negotiate with all the creditors a final proposal of a Judicial Reorganization Plan to be submitted to approval in a Creditors' General Meeting in accordance with the deadlines and rules provided by law, which guarantees the Company's operational viability and sustainability and serves creditors, shareholders and other interested parties in a balanced way, allowing the Company to be strengthened at the end of this process. Oi intends to use all the necessary resources to seek to ensure the protection of the Oi Companies' and their stakeholders' interests with respect to any effects of a possible conversion.
The Company will keep its shareholders and the market informed of the development of the subject matter of this Notice to the Market.
Rio de Janeiro, January 12, 2016.
Ricardo Malavazi Martins
Chief Financial Officer and Investor Relations Officer.
Oi S.A. - In Judicial Reorganization
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(¹) This translation is still subject to the auditors review
Oi SA published this content on 12 January 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 January 2017 23:10:02 UTC.
Original documenthttp://ri.oi.com.br/oi2012/web/conteudo_en.asp?idioma=1&tipo=43100&conta=44&id=236651
Public permalinkhttp://www.publicnow.com/view/EB47131CC960B2ADDD11B61CB1958DF361CB73F0
Oi SA em Recuperacao Judicial, formerly Oi S.A., is an integrated telecommunications service provider in Brazil. The Company is a switched fixed-line telephony services (STFC) concessionaire. It is engaged in the provision of STFC as a local and intraregional long-distance carrier. Its segments include Residential Services, Personal Mobility, and SMEs/Corporate. It offers a range of integrated telecommunications services that include fixed and mobile, broadband, pay television (TV), data transmission and Internet provider services. The Company's Residential Services segment is focused on the sale of fixed telephony services, including voice services, data communication services (broadband), and pay TV. The Personal Mobility segment is focused on the sale of mobile telephony services to subscription and prepaid customers, and mobile broadband customer. The SMEs/Corporate segment includes corporate solutions offered to its small, medium-sized, and large corporate customers.
OI S.A. 
