RIO DE JANEIRO, Nov. 8,
2013 /PRNewswire/ -- Empresa Brasileira de Telecomunicacoes S.A. —
Embratel (Embratel) and Embratel Participacoes S.A. (Embrapar)
(together, the "Offerors") announced today that they have filed an
amendment to their Tender Offer Statement on combined Schedule TO
and Schedule 13E-3 under cover of Schedule TO (the "Schedule TO")
initially filed with the U.S. Securities and Exchange Commission
("SEC") on August 13, 2012 in
connection with the offer (the "Offer") by the Offerors to purchase
any and all of the outstanding common shares, no par value, and
preferred shares, no par value ("Preferred Shares"), including
Preferred Shares represented by American Depositary Shares
("ADSs"), of Net Servicos de Comunicacao S.A. ("Net") (BOVESPA:
NETC3 and NETC4; NASDAQ: NETC; BMAD: XNET) other than those held by
the Offerors or their affiliates. The Offer is being made upon the
terms and subject to the conditions set forth in the offer to
purchase, dated October 17, 2013, as
amended and supplemented (the "Offer to Purchase"), and the related
ADS letter of transmittal.
The amendment revises the Offer to Purchase to reflect, among
other things, certain comments to the Offer to Purchase received
from the staff of the SEC and certain clarifying changes, including
an explanation that recent information about the CDI Rate and the
base offer price plus accrued interest on the base offer price will
be provided and updated each Brazilian business day for
illustrative purposes on Embratel's website at
http://www.embratel.com.br/Embratel02/cda/portal/0,2997,RI_P_8832,00.html.
The amendment also indicates that the Offerors will announce the
base offer price plus accrued interest through the date ten
business days prior to the Expiration Date on that date in a
statement of material fact and on Embratel's website.
No changes have been made to the offer price or the other terms
and conditions of the Offer. The Offer and associated withdrawal
rights expire, in the case of holders of ADSs tendering through The
Bank of New York Mellon, as receiving agent, at 10:00 a.m., New York
City time, and, in the case of holders of Common Shares and
Preferred Shares tendering directly, at 3:00
p.m., New York City time,
in each case on November 26, 2013,
unless the Offer is extended.
Important Information
Complete terms and conditions of the tender offer are set forth
in the Offer to Purchase, ADS letter of transmittal and other
related materials filed by the Offeros with the SEC on October 17, 2013, as amended and supplemented.
Copies of the Offer to Purchase, ADS letter of transmittal and
other related materials are available free of charge from
D.F. King & Co., Inc., the
information agent for the tender offer, toll free at (800) 859
-8508 or via email at netservicos@dfking.com.
About Embratel
Embratel is the premium telecommunications provider in
Brazil and offers an ample variety
of telecom services—local and long distance telephony, advanced
voice, high-speed data transmission, Internet, satellite data
communications, and corporate networks. The company is a leader in
the country for data services and Internet, and is highly qualified
to be an all-distance network carrier in Latin America. Embratel's network spreads
countrywide, with almost 29 thousand kms of optic cables,
which represents about one million and sixty-nine thousand km of
fiber optics.
Forward-Looking Statements
This document may contain forward-looking statements. These
statements are statements that are not historical facts, and are
based on management's current view and estimates of future economic
circumstances, industry conditions, company performance and
financial results. The words "anticipates," "believes,"
"estimates," "expects," "plans" and similar expressions, as they
relate to the company, are intended to identify forward-looking
statements. Statements regarding the declaration or payment of
dividends, the implementation of principal operating and financing
strategies and capital expenditure plans, the direction of future
operations and the factors or trends affecting financial condition,
liquidity or results of operations are examples of forward-looking
statements. Such statements reflect the current views of management
and are subject to a number of risks and uncertainties. There is no
guarantee that the expected events, trends or results will actually
occur. The statements are based on many assumptions and factors,
including general economic and market conditions, industry
conditions, and operating factors. Any changes in such assumptions
or factors could cause actual results to differ materially from
current expectations.
For further information please contact:
Embratel Participacoes S.A.
Isaac Berensztejn
Director of Investor Relations
Av. Presidente Vargas, n 1012
20071-002 Rio de Janeiro, RJ,
Brazil
Telephone: (55) 21 2121-3636
SOURCE Embratel and Embrapar