Pursuant to Rule 13a-16 or 15d-16 of the
Barra da Tijuca - 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
NOTICE ABOUT RELATED PARTY TRANSACTIONS
TIM PARTICIPAÇÕES S.A. ("Company") (BMF&BOVESPA: TIMP3; NYSE: TSU), in compliance with CVM Instruction nº552/14, hereby informs that on July 27, 2016 it was celebrated the related party transactions as below:
Name of the Related-Party: Italtel Brasil Ltda.
Transaction Date: 07/27/2016
Value Involved (Reais): R$2,599,840.59
Balance Remaining (Reais): N/A
Total (Reais): N/A
Duration: 07/01/2016 until 12/31/2016
Loan or another type of debt: N/A
Interest rate charged: N/A
Contract object: Development and implementation professional services, for the treatment of operational demands from network and interconnection services associated to the structures of mobile and fixed networks from TIM Celular with specialized platforms under production.
Warranty or insurance: Bank guarantee letter: N/A
Financial guarantee on contract: N/A
Insurance: The Agreement provides that the contractor must maintain compulsory insurance that ensure and protect from risks inherent to the services under the contract, against any kind of damage and/or injury caused to the contractor and/or third parties, whether to order material and/or personnel and/or legal and/or financial which shall have effect until the completion and/or issuance of the Final Acceptance Agreement by the contractor, whichever occurs last. Insurance must meet the rules of Brazilian law.
Rescission or extinction: The agreement provides various dissolution possibilities, among which, assignment of rights, bankruptcy, acts that affect the reliability and morality of TIM, among others. In any termination event the hired company shall only be entitled to payment for services actually rendered, not being owed any compensation.
Nature and reason for the operation: The hiring of this supplier is necessary in view of the fact that the present solution is proprietary and of his technological domain.
Relationship with the issuing: Company has business relationships with other companies from Telecom Italia group.
Name of the Related-Party: Italtel Brasil Ltda.
Transaction Date: 07/27/2016
Value Involved (Reais): R$511,237.14
Balance Remaining (Reais): N/A
Total (Reais): N/A
Duration: 07/01/2016 until 06/31/2017
Loan or another type of debt: N/A
Interest rate charged: N/A
Contract object: Specialized professional services supply, that aim to optimize the characteristics of resilience and security applied to Backbone IP.
- Clean up services and standardization of Backbone IP configuration
- Layer 2 architecture simplification on Inner Core sites (Virtual Switching System)
- Scalability increase
Warranty or insurance: Financial guarantee contract: Not applicable
Insurance: The Agreement provides that the contractor must maintain compulsory insurance that ensure and protect from risks inherent to the services under the contract, against any kind of damage and/or injury caused to the contractor and/or third parties, whether to order material and/or personnel and/or legal and/or financial which shall have effect until the completion and/or issuance of the Final Acceptance Agreement by the contractor, whichever occurs last. Insurance must meet the rules of Brazilian law.
Rescission or extinction: The agreement provides various dissolution possibilities, among which, assignment of rights, bankruptcy, acts that affect the reliability and morality of TIM, among others. In any termination event the hired company shall only be entitled to payment for services actually rendered, not being owed any compensation.
Nature and reason for the operation: Italtel is one of the key integrator partners of CISCO IP solutions in Brazilian market.
The hiring of this supplier is necessary in view of the fact that the present solution is a CISCO property and of its technological domain.
Relationship with the issuing: Company has business relationships with other companies from Telecom Italia group.
Name of the Related-Party: Italtel Brasil Ltda.
Transaction Date: 07/27/2016
Value Involved (Reais): R$4,467,206.00
Balance Remaining (Reais): N/A
Total (Reais): N/A
Duration: 07/01/2016 until 06/31/2017
Loan or another type of debt: N/A
Interest rate charged: N/A
Contract object: Services and material supply to meet the demand of regulatory requirements (related to the 9th digit implementation) and decommissioning of NORTEL and CISCO MGX 8880 platforms in view of technological obsolescence condition, regarding mobile and fixed networks structures.
Warranty or insurance: Financial guarantee contract: Not applicable
Insurance: The Agreement provides that the contractor must maintain compulsory insurance that ensure and protect from risks inherent to the services under the contract, against any kind of damage and/or injury caused to the contractor and/or third parties, whether to order material and/or personnel and/or legal and/or financial which shall have effect until the completion and/or issuance of the Final Acceptance Agreement by the contractor, whichever occurs last. Insurance must meet the rules of Brazilian law.
Rescission or extinction: The agreement provides various dissolution possibilities, among which, assignment of rights, bankruptcy, acts that affect the reliability and morality of TIM, among others. In any termination event the hired company shall only be entitled to payment for services actually rendered, not being owed any compensation.
Nature and reason for the operation: The hiring of this supplier is necessary in view of the fact that the present solution is proprietary and of his technological domain.
Relationship with the issuing: Company has business relationships with other companies from Telecom Italia group.
Rio de Janeiro, July 28, 2016.
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: July 28, 2016 | 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.