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11/03/2011
In: Announcements

 EMBRAER-TELEBRÁS MoU

COMMUNIQUÉ

 

Embraer S.A. ("Embraer") and Telecomunicações Brasileiras S.A. - TELEBRÁS ("Telebrás") announce that they have signed a memorandum of understanding for the purpose of forming a company, of which Embraer will hold a 51% share and Telebrás 49%, to work with the Federal Government to meet the needs of Brazil’s plan for satellite development, including the National Broadband Program and strategic defense and governmental communications.

Embraer and Telebrás will inform the market regarding the evolution of relevant events related to this subject.

Brasília, November 3, 2011.

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