SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of July, 2020
Commission File Number 001-14491
TIM PARTICIPAÇÕES S.A.
(Exact name of registrant as specified in its charter)
TIM PARTICIPAÇÕES S.A.
(Translation of Registrant's name into English)
Avenida João Cabral de Melo Neto, nº 850, Torre Norte, 12º andar – Sala 1212,
Barra da Tijuca - Rio de Janeiro, RJ, Brazil
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F _______
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____
TIM PARTICIPAÇÕES S.A.
Publicly-Held Company
CNPJ/ME 02.558.115/0001-21
NIRE 33.300.276.963
MINUTES OF THE BOARD OF DIRECTORS’ MEETING
HELD ON JULY 27th, 2020
DATE, TIME AND PLACE: July 27th, 2020, at 7.00 p.m., by videoconference.
PRESENCE: The Board of Directors’ Meeting of TIM Participações S.A. (“Company”) was held at the date, time and place mentioned above, with the presence of Messrs. Nicandro Durante, Agostino Nuzzolo, Carlo Filangieri, Carlo Nardello, Elisabetta Romano, Flavia Maria Bittencourt, Gesner José de Oliveira Filho, Herculano Aníbal Alves, Sabrina Di Bartolomeo and Pietro Labriola, by videoconference, as provided in paragraph 2nd, Section 25 of the Company’s By-laws.
BOARD: Mr. Nicandro Durante - Chairman; and Mr. Jaques Horn – Secretary.
AGENDA: (1) To resolve on the extension and revision of the binding proposal submitted by its wholly-owned subsidiary, TIM S.A. (“TSA”), for the acquisition of the assets of the mobile services business of Grupo Oi.
RESOLUTIONS: Upon the review of the material presented and filed at the Company’s head office, and based on the information provided and discussions of the only subject included in the Agenda, the Board Members, unanimously by those present, decided to register the discussions as follows:
Further to the discussions and analysis that took place at this Board’s meeting on March 10th, 2020, and to the resolutions registered on July 17th, 2020, the Directors approved the extension and revision of the binding offer, submitted on July 18th, 2020, for the acquisition of the assets of the mobile services business of the Oi Group by TSA, jointly with Telefônica Brasil S.A. (“Vivo”) and Claro S.A. (“Claro”), all jointly referred to as "the Offerors".
CONT. OF MINUTES OF THE BOARD OF DIRECTORS’ MEETING OF TIM PARTICIPAÇÕES S.A.
July 27th, 2020
The revised binding offer will be submitted by the Offerors to the evaluation of Grupo Oi on this date, and will continue to be subject to the verification of certain conditions, especially the selection of the Offerors as "stalking horse" or "first bidder", which will allow them to guarantee the right to cover the best among the other bids presented in the competition process of the Oi Group's mobile business sale. In the event of acceptance of the offer and completion of the operation, each of the Offerors will receive a portion of the referred business.
For the purposes of faithful compliance with this resolution, the Company's Officers are hereby authorized to practice and/or enter into any and all acts, contracts or instruments that may be necessary to achieve it, subject to the terms, conditions and limits approved on this date.
CLOSING: With no further issues to discuss, the meeting was adjourned, and these minutes drafted as summary, read, approved and signed by all attendees Board Members.
I herein certify that these minutes are the faithful copy of the original version duly recorded in the respective corporate book.
Rio de Janeiro (RJ), July 27th, 2020.
JAQUES HORN
Secretary
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| TIM PARTICIPAÇÕES S.A. |
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Date: July 28, 2020 | By: | /s/ Adrian Calaza |
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| Name: Adrian Calaza |
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| Title: Chief Financial Officer and Investor Relations Officer |
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FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture 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 a ctually 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.