Oi'S International Subsidiary Provider of Submarine Capacity, GlobeNet, Named Winner in the 2012 Golden Bridge Awards

BOCA RATON, FL--(Marketwire - Oct 4, 2012) - Oi's international subsidiary provider of submarine capacity, GlobeNet, has been named winner of the 4th Annual 2012 Golden Bridge Awards for its Ultra Low Latency Trading Connection to Brazil, in the 'Best Deployment in Latin American' category. The coveted annual Golden Bridge Awards program, with active participation from a broad spectrum of industry voices, encompasses the world's best in organizational performance, products and services, innovations, and successful deployments from every major industry in the world.

GlobeNet's ultra-low latency trading connection to Brazil, is the fastest available to BM&F BOVESPA, was created in response to the increased customer demand to quickly access the emerging Latin American market. The route directly links São Paulo's BM&F BOVESPA to New Jersey's NASDAQ OMX and routes to major global exchanges such as the CME, NYSE, BATS, LSE, Deutsche Börse and Eurex. The route also creates a diverse connection that avoids the congestion of the New York City metro area and connects directly to the New Jersey NASDAQ facility through our partner's networks; creating new express connectivity with Chicago, Toronto, London, and Tokyo financial exchanges.

"GlobeNet is honored to be named the winner by Golden Bridge Awards in the 'Best Deployment' category, as this is an esteemed industry and peer recognition award," comments Erick W. Contag, Chief Operating Officer of GlobeNet. "With Brazil quickly becoming an international trading hub, our lowest latency route can act as a key differentiator for financial firms requiring seamless and secure access to conduct their transactions."

For more information on GlobeNet, please visit www.globenet.net.

About GlobeNet
GlobeNet provides International capacity between North and South America over a dual ring-protected submarine cable system serving Brazil, Bermuda, Colombia, the U.S.A., and Venezuela. Covering a distance of more than 22,000 kilometers, this sophisticated submarine cable network system is fully redundant and offers the lowest latency available between the Americas. The network links cable landing stations in Tuckerton, NJ and Boca Raton, FL, USA, with cable landing stations in Fortaleza (CE) and Rio de Janeiro (RJ), Brazil, St. David's, Bermuda as well as Maiquetía (Caracas) Venezuela. GlobeNet is a wholly owned subsidiary of Brazilian full-service telecommunications provider Oi.

For GlobeNet media inquiries, please contact:
Kerri Olenik
Kerri.olenik@globenet.net
+1.561.314.6095

About the Golden Bridge Awards
Golden Bridge Awards from Silicon Valley are conferred in four programs: The Info Security's Global Excellence Awards, The IT Industry's Hot Companies and Best Products Awards, The Golden Bridge Business and Innovation Awards, and Consumer Products Guide's World Choice Awards. These premier awards honor organizations of all types and sizes from all over the world including people behind them, the products, performance, innovations, public relations and marketing. Learn more about The Golden Bridge Awards at www.goldenbridgeawards.com

About Oi
Oi is a pioneer company in the provision of bundled services in Brazil and offers local and long-distance voice transmission, mobile telephony, broadband and pay TV. In June 2012, the company had 72,3 million revenue generating units (RGUs). This total includes 45.2 million in personal mobile segment, 18 million in residential segment and 8.4 million in business/corporate segment. For the fourth consecutive year, Oi is part of the ISE - Corporate Sustainability Index portfolio of the BM&F BOVESPA, reflecting the company's commitment to social responsibility and corporate sustainability. For the second consecutive year, Oi is also part of the IC02 -- Carbon Efficiency Index -- of the BM&F Bovespa.