Oi S.A. Board of Directors Approval of the Sale of Shares of PT Portugal to Altice S.A.

RIO DE JANEIRO, Dec. 8, 2014 /PRNewswire/ -- Oi S.A. ("Oi" or the "Company", Bovespa: OIBR3, OIBR4; NYSE: OIBR and OIBR.C), in accordance with article 157, paragraph 4 of Law No. 6,404/76 (the "Brazilian Corporation Law") and the Brazilian Securities and Exchange Commission (Comissao de...

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