Net Servicos de Comunicacao SA : Material Fact - ANATEL - 01/27/2012

NET Serviços de Comunicação S.A. CNPJ/MF nº 00.108.786/0001-65 NIRE nº 35.300.177.240

Publicly-Held Company
Rua Verbo Divino nº 1.356 - 1º andar, São
Paulo - SP

MATERIAL FACT

Net Serviços de Comunicação S.A. ("NET" or "Company"), in compliance with article
157, fourth paragraph of Law nr. 6.404/76 and with the provisions of Instruction nr. 358/02 enacted by the Brazilian Securities Exchange Commission (Comissão de Valores Mobiliários - "CVM"), hereby informs to the public in general and to its shareholders, in addition to the information disclosed in the Material Fact announced to the market on October 19, 2011, the following information.
On January 26, 2012, the National Telecommunications Agency - ANATEL approved the transfer of the Company's indirect control. In this sense, ANATEL authorized the exercise by Embratel Participações S.A. ("Embrapar") of the call option ("Call Option") for the acquisition of shares issued by GB Empreendimentos e Participações S.A. ("GB"), a company that directly controls NET, that are currently held by Globo Comunicação e Participações S.A. ("Globo"), in accordance with the provisions of the Shareholders' Agreement of GB. Once the Call Option is exercised, Embrapar, together with it subsidiary Empresa Brasileira de Telecomunicações S.A. ("Embratel"), will be the direct controllers of GB and, therefore, the indirect controllers of NET.
As per ANATEL's decision, the preliminary approval will come into effect once all companies involved present a proof of good standing with the tax authorities.
São Paulo, January 27, 2012
NET SERVIÇOS DE COMUNICAÇÃO S.A.
José Antônio Guaraldi Félix
Investor Relations Officer