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Brazil: Antitrust approves TIM tower sale

By  |  February 16, 2015

Brazil’s Administrative Council for Economic Defense (CADE) approved without restrictions the sale of over 5,000 TIMBrasil towers to American Tower, reports Teletime. The transaction was announced in late November last year, valued at BRL 3 billion.

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    With the deal, the share of American Tower in the passive infrastructure market comes close to 30 percent, however CADE finds it unlikely that the company will abuse this market power as a result of the TIM transaction.

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