DECISIONS: Before discussing the item on the agenda, the Board Members unanimously approved the recording of the minutes of this Meeting of the Board of Directors in summarized form, pursuant to Law. The meeting began and the sole item of the Agenda, to re-ratify the sole item of the meeting of the Board of Directors held on November 17, 2009, was approved. The type of guarantee provided by TNL was changed from an aval guarantee to fiança guarantee, and Item “h” was included, regarding financial covenants. As such, the text of the sole item of the Agenda takes effect as described herein: “Before discussing the item on the agenda, the Board Members unanimously approved the recording of the minutes of this Meeting of the Board of Directors in summarized form, pursuant to Law. As to the sole item of the Agenda, the Board presented a proposal for the Company to raise funds from BNDES in an amount of up to R$623,445,000, which resources will be used to finance part of BTSA’s CAPEX for the three-year period from 2009 to 2011. The technical characteristics of this financing are: (a) Borrower: Brasil Telecom S.A.; (b) Lender: BNDES; (c) Type of Financing: direct transaction with BNDES; (d) Guarantee: fiança guarantee of TNL and assignment of receivables of BTSA; (e) Term: 9 years; (f) Frequency: grace period of 24 months (quarterly payments of interest) + 84 months of amortization and interest (monthly payments); (g) Total Cost: Sub-credit “A”: R$452,293,000 at TJLP+3.95% per annum and Sub-credit “B”: R$171,152,000 at 4.50% per annum; and (h) Covenants: (i) Total debt / EBITDA: equal to or less than 4.0; (ii) EBITDA / Financial Expenses: equal to or greater than 1.75; (iii) (Short term debt—Cash and Cash Equivalents)/ EBITDA: equal to or less than 0.70; (ii) Net Equity / Total Assets: equal to or greater than 0.25; (v) [EBITDA—(Income Tax + Social Contribution)] / [Amortization + (Financial Expenses – Financial Income) – Cash and Cash Equivalents from the previous year]: equal to or greater than 1.30 Covenants measured by TNL’s consolidated balance sheets. Notes: “Sub-credit A” is earmarked to finance the expansion and quality improvement of the network and compliance with the regulations established by ANATEL. “Sub-credit

B” is earmarked to finance the acquisition of machines and equipment in Brazil, pursuant to BNDES PSI, according to FINAME criteria. The matter was unanimously approved by all attending members and the Board of Directors, which directed the Executive Board to take all necessary measures to accomplish the aforementioned financings.”