Embratel and Embrapar Announce Amendment to Tender Offer Documents in Connection with... -- RIO DE JANEIRO, Nov. 8, 2013 /PRNewswire/ -- 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. 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 RELATED LINKS http://www.embratel.com.br