Table of Contents Company Snapshot 2 TIM Participacoes SA: Company Overview 8 TIM Participacoes SA: Overview and Key Facts 8 TIM Participacoes SA: Overview 8 TIM Participacoes SA: Key Facts 8 TIM Participacoes SA: Key Employees 10 TIM Participacoes SA: Key Employee Biographies 11 TIM Participacoes SA: Major Products and Services 17 TIM Participacoes SA: Company History 18 TIM Participacoes SA: Management Statement 21 TIM Participacoes SA: Locations and Subsidiaries 25 TIM Participacoes SA: Key Competitors 26 TIM Participacoes SA: Company Analysis 27 TIM Participacoes SA: Business Description 27 TIM Participacoes SA: SWOT Analysis 28 TIM Participacoes SA: SWOT Overview 28 TIM Participacoes SA: Strengths 28 TIM Participacoes SA: Weaknesses 29 TIM Participacoes SA: Opportunities 30 TIM Participacoes SA: Threats 31 TIM Participacoes SA: Corporate Financial Deals Activity 33 TIM Participacoes SA: Financial Deals Overview 33 TIM Participacoes SA: Top Deals 2014 - 2018YTD* 34 TIM Participacoes SA: Private Equity and Ownership 35 TIM Participacoes SA: Recent Developments 36 TIM Participacoes SA: News and Events Summary 36 TIM Participacoes SA: Business Expansion 37 TIM Participacoes SA: Corporate Governance 37 TIM Participacoes SA: Financial Deals 38 TIM Participacoes SA: Financial Performance 38 TIM Participacoes SA: Red Flags/DistressSignals 38 TIM Participacoes SA: Strategy and Operations 39 Appendix 40 Contact Us 40 Methodology 40 About MarketLine 41

List of Tables Table 1: TIM Participacoes SA: Key Facts Table 2: TIM Participacoes SA: Key Employees Table 3: TIM Participacoes SA: Locations and Subsidiaries Table 4: TIM Participacoes SA: Key Competitors Table 5: TIM Participacoes SA: Deal Activity by Deal Type - Volume (2014 - YTD*2018) Table 6: TIM Participacoes SA: Top Deals 2014 - 2018YTD* Table 7: TIM Participacoes SA: Private Equity and Ownership Volume and Value Trend (2014 - YTD*2018) Table 8: TIM Participacoes SA: Private Equity and Ownership Volume by Deal Type (2014 - YTD*2018) Table 9: TIM Participacoes SA: News and Events Summary Table 10: TIM Participacoes SA: Business Expansion Table 11: TIM Participacoes SA: Corporate Governance Table 12: TIM Participacoes SA: Financial Deals Table 13: TIM Participacoes SA: Financial Performance Table 14: TIM Participacoes SA: Red Flags/DistressSignals Table 15: TIM Participacoes SA: Strategy and Operations List of Figures Figure 1: TIM Participacoes SA: Deal Activity by Deal Type - Volume (2014 - YTD*2018) Figure 2: TIM Participacoes SA: Private Equity and Ownership Volume and Value Trend (2014 - YTD*2018) Figure 3: TIM Participacoes SA: Private Equity and Ownership Volume by Deal Type (2014 - YTD*2018)

TIM Participacoes S.A.