Brazil’s antitrust regulator CADE has given its unconditional approval for the acquisition of Copel Telecom, the telecommunications subsidiary of Paraná state power firm Copel, by local investment fund Bordeaux for 2.39 billion reais (US$460 million).
Telecoms regulator Anatel previously gave the deal the green light in May. Bordeaux is the fund that previously acquired Sercomtel, another Paraná state telecommunications company, for 130 million reais (US$25.12 million). Sercomtel was owned by the city of Londrina (55%) and Copel (45%).
CADE’s technical superintendence considered that the combination of Sercomtel and Copel Telecom assets under the control of Bordeaux would not significantly impact competition in the Paraná market due to the presence of local internet providers and national operators in the state.
Copel Telecom manages a fiber backbone of over 34,000km connecting all 399 municipalities in the state, in addition to operating a datacenter to provide collocation services to enterprises. The company’s retail and B2B services are available in over 80 municipalities.
The company’s planned capex for this year, as approved by the company’s board in December, is 124 million reais (US$24 million).
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC to Approve Exxon’s $64 Billion Deal with Pioneer Resources, Excludes
May 1, 2024 by
CPI
UK Competition Watchdog Raises Alarm Over Nvidia’s ARM Takeover
May 1, 2024 by
CPI
Sen. Klobuchar Urges Regulators to Probe Collusion in Health Care Pricing
May 1, 2024 by
CPI
Multiple States Join Tennessee’s Antitrust Lawsuit Against NCAA Over NIL Rules
May 1, 2024 by
CPI
NY AG Joins Suit Challenging NCAA’s Restrictions on Student Athlete NIL Rights
May 1, 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