A PYMNTS Company

Brazil’s Antitrust Watchdog See’s Problems In Oi Sale Approval

By  |  July 25, 2021

The superintendence of Brazil’s competition regulator Cade said on Friday it viewed an asset sale by Brazilian telecom Oi as “complex,” suggesting that TIM, Telefônica Brasil and América Móvil’s Claro may struggle to wrap up a quick sale.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The three companies won an auction to buy Oi’s mobile network operations for 16.5 billion reais ($3.17 billion) in December, pending regulatory approval, after Oi filed for bankruptcy protection in 2016.

    The decision by Cade’s superintendence informs whatever final move the full board of the regulator may give.

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.