13D Filing: Point State Capital and Brasil Telecom S A (BTM)

Preliminary Statement:          This Amendment No. 5 amends the statement on Schedule 13D filed by PointState Capital LP and Zachary J. Schreiber on July 18, 2016, as previously amended by: (i) Amendment No. 1 thereto filed by PointState Capital LP, Zachary J. Schreiber and SteelMill Master Fund LP on July 20, 2016; (ii) Amendment No. 2 thereto filed by PointState Capital LP, Zachary J. Schreiber and SteelMill Master Fund LP on August 17, 2016; (iii) Amendment No. 3 thereto filed by PointState Capital LP, Zachary J. Schreiber and SteelMill Master Fund LP on April 3, 2017, and (iv) Amendment No. 4 thereto filed by PointState Capital LP, Zachary J. Schreiber and SteelMill Master Fund LP on April 6, 2017. Capitalized terms used but not defined herein shall have the meanings ascribed to them in Amendment No. 1 to this Schedule 13D. The original Schedule 13D, as previously amended, remains in full force and effect, except as specifically further amended by this Amendment No. 5.

This amended statement on Schedule 13D relates to the common shares without par value (the “Common Shares”), of Oi S.A. (the “Issuer”), a corporation organized and existing under the laws of the Federative Republic of Brazil. The principal executive office of the Issuer is located at Rua General Polidoro, No. 99, 5th floor/part – Botafogo 22280-001, Rio de Janeiro, RJ, Federative Republic of Brazil.   This amendment is being filed to report that the Reporting Persons no longer own or have voting or disposition power over 5% of the outstanding Common Shares, no par value, of the Issuer.