Business Summary
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Telemar Norte Leste SA is a Brazil-based company involved in the telecommunications sector. It operates a fixed-line and mobile telephone service in Brazil under the name Oi. The Company also offers Internet network, through the service Oi Velox, and cable television, through Oi TV, to both individual and corporate customers. Telemar Norte Leste SA operates in the states of Rio de Janeiro, Minas Gerais, Espirito Santo, Bahia, Sergipe, Alagoas, Pernambuco, Paraiba, Rio Grande do Norte, Ceara, Piaui, Maranho, Para, Roraima, Amapa and Amazonas. Its direct and indirect subsidiaries include Coari Participacoes SA and TNL PCS (Oi), among others. The Company is owned by Tele Norte Leste Participacoes SA. As of January 2009, Telemar Norte Leste SA acquired Brasil Telecom Participacoes SA.
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