INDEX NOTES

• 01. OPERATIONS AND BACKGROUND
  
  
• 02. PRESENTATION OF THE CONSOLIDATED FINANCIAL STATEMENTS
  
  
• 03. SUMMARY OF THE PRINCIPAL ACCOUNTING PRACTICES
  
  
• 04. OPERATING REVENUE FROM TELECOMMUNICATIONS SERVICES
  
  
• 05. COST OF SERVICES
  
  
• 06. OTHER OPERATING REVENUES (EXPENSES)
  
  
• 07. INTEREST INCOME (EXPENSES)
  
  
• 08. NON-OPERATING INCOME (EXPENSES)
  
  
• 09. INCOME TAX AND SOCIAL CONTRIBUTION
  
  
• 10. CASH AND CASH EQUIVALENTS
  
  
• 11. MARKETABLE SECURITIES
  
  
• 12. TRADE ACCOUNTS RECEIVABLES, NET
  
  
• 13. DEFERRED AND RECOVERABLE TAXES
  
  
• 14. INVESTMENTS
  
  
• 15. PROPERTY,PLANT AND EQUIPMENT
  
  
• 16. PAYROLL AND RELATED ACCRUALS
  
  
• 17. ACCOUNTS PAYABLE AND ACCRUED EXPENSES
  
  
• 18. TAXES AND CONTRIBUTIONS
  
  
• 19. LOANS AND FINANCING
  
  
• 20. PROVISION FOR CONTINGENCIES
  
  
• 21. PENSION PLAN - TELOS
  
  
• 22. TRANSACTIONS WITH RELATED PARTIES
  
  
• 23. INSURANCE (UNAUDITED)
  
  
• 24. FINANCIAL INSTRUMENTS
  
  
• 25. SHAREHOLDERS'EQUITY
  
  
• 26. COMMITMENTS WHITH ANATEL (UNAUDITED)
  
  
• 27. SUMMARY OF THE DIFFERENCES BETWEEN BRAZILIAN AND THE US GAAP
  
  
• 28. ADDITIONAL DISCLOSURES REQUIRED BY US GAAP
  
  
• 29. COMMITMENTS (UNAUDITED)