Telemar (Oi) 3rd Quarter 2008

RIO DE JANEIRO — Tele Norte Leste Participações S.A. (Bovespa: TNLP4 and TNLP3) and Telemar Norte Leste (Bovespa: TMAR3, TMAR5 and TMAR6) are pleased to announce today the results for the third quarter of 2008 (3Q08).

Vídeo ‘Oi TV’ Subscribers (‘000):

3Q07  4Q07  1Q08  2Q08  3Q08   QoQ   YoY
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  NA    NA    58    59    60  1.7%    NA

Oi acquired licenses to offer Brazil-wide DTH

In September 2008, Anatel authorized Oi to render subscription TV service (DTH satellite technology) in the whole country. The DTH system (Direct To Home) relates to the subscription of TV via satellite for audio, video and data sent directly to the user’s home. In order to obtain such license, the company will pay R$470,000 on top of donating 2000 TV subscriptions and TVs to public hospitals.

There is an ongoing partnership with Telefônica to share infrastructure in order to launch the service at the beginning of 2009.

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