Form 6-K TIM PARTICIPACOES SA For: Sep 30
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E-mailPursuant to Rule 13a-16 or 15d-16 of the
22640-102 Rio de Janeiro, RJ, Brazil
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
TIM PARTICIPAÇÕES S.A.
Publicly-held Company
Corporate Taxpayer's ID (CNPJ/MF): 02.558.115/0001-21
Corporate Registry (NIRE): 33 300 276 963
MATERIAL FACT
Closing of Towers Sale Second Tranche
TIM Participações S.A. ("Company") (BOVESPA: TIMP3 and NYSE: TSU), pursuant to the provisions of Rule CVM 358 and to Article 157, § 4th, of Law No. 6,404/76, following the material fact disclosed on November 21, 2014, which informed the market of the execution of the Infrastructure Items Purchase and Sale Agreements ("Purchase and Sale Agreements") for up to 6,481 (six thousand, four hundred and eighty-one) telecommunication towers, and the material fact disclosed on April 29, 2015, which informed the market of the first closing of the transaction as contemplated by the Purchase and Sale Agreements with the transfer of 4,176 (four thousand, one hundred and seventy-six) telecommunication towers to American Tower for a purchase price of approximately R$ 1.9 billion to TIM Celular S.A. (“TIM Celular”), hereby informs its shareholders and the market in general what follows:
On the date hereof, the second closing of the transaction as contemplated by the Purchase and Sale Agreements occurred with the transfer to American Tower of 1,125 (one thousand, one hundred and twenty five) telecommunication towers for a purchase price of approximately R$ 517 million to TIM Celular.
The proceeds from the transaction, which aim to optimize the Company’s capital allocation, will contribute to support the investment strategy disclosed by the Company to the market.
In accordance with the provisions of the Purchase and Sale Agreements executed by and between TIM Celular and American Tower, the Company expects the sale of the remaining 1,180 (one thousand, one hundred and eighty) telecommunication towers to occur in the coming months.
Rio de Janeiro, September 30, 2015
TIM Participações S.A.
Rogério Tostes
Investor Relations Officer
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| TIM PARTICIPAÇÕES S.A. | |||
| Date: September 30, 2015 | By: | /s/ Rogério Tostes | |
| Name: Rogério Tostes | |||
| Title: IRO | |||
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture 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 a ctually 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.
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