Spain-based Telefonica and Italy-based Telecom Italia continue to debate about the future of TIM Brasil, according to reports.
With Telefonica as the largest Telecom Italia shareholder, and Telcom Italia as the majority owner of TIM, the two European telcos are at odds over whether TIM should be merged or broken up and divested among other Brazilian competitors.
Telecom Italia is reportedly looking to merge TIM with Vivendi’s Brazil operations GVT.
But Telefonica and Oi are reportedly looking to break up TIM and spread the assets amongst the other Brazilian wireless players.
Unnamed sources told reporters that Telefonica is looking to break up TIM as early as this year.
The dispute between Telefonica and Telecom Italia has only intensified in recent months as Telefonica looks to break up the investment vehicle through which it owns 22.4 percent of Telecom Italia. Telefonica operates Brazil’s largest wireless operator Vivo, leading some antitrust experts to scrutinize Telefonica’s presence in Brazil through both Vivo and, indirectly, TIM.
Full content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI