Company LF Tel SA

LF Tel SA is a Brazil-based holding company primarily active in the telecommunications sector. Through its affiliated companies, the Company is involved in integrated telecommunications services, including fixed-line and mobile telecommunications services, as well as data transmission services. It is also engaged in the provision of services of pay television (TV) through cable and direct to home technology (DTH); advertising services, and information technology (IT) services, which include the development of complete and customized software and integrated solutions, among others. Additionally, the Company is involved in the operation of telephone call centers, including various services, such as telesales, customer service, customer retention, technical support and billing services. As of December 31, 2011, the Company was wholly owned by EDSP75 Participacoes SA.