Chilean competition watchdog FNE approved, with restrictions, the joint venture between América Móvil’s Claro and Liberty Latin America’s VTR, which was announced in September 2021 for an undisclosed sum.
The JV was announced in September 2021 and involves an undisclosed sum. It focuses on fixed and mobile services. One condition FNE imposed is the sale of Claro’s satellite pay-TV services.
The parties agreed to transfer ownership of the operation to a fiduciary agent until the sale of the business to a new player takes effect. FNE also accepted a suggestion by the parties to divest part of the spectrum the combined company would concentrate.
VTR and Claro offered FNE to divest 10MHz in the 3.5GHz band and 10MHz in the AWS band. The spectrum returned is expected to be auctioned by telecoms regulator Subtel, as 3.5GHz is deemed the prime band for 5G.
The parties also offered to comply with usage obligations to promote the effective and efficient use of the spectrum. FNE considered the remedies package to be effective, proportional and suitable to prevent the merger from substantially impacting competition.
According to FNE, the competitive pressure exerted by other fixed broadband players, most of which have greater technological advantage because of their larger fiber footprint, such as Telefónica/KKR, Entel and Mundo, whose local operation was recently acquired by DigitalBridge, is sufficient.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
CVS Health Explores Potential Breakup Amid Investor Pressure: Report
Oct 3, 2024 by
CPI
DirecTV Acquires Dish TV, Creating 20 Million-Subscriber Powerhouse
Oct 3, 2024 by
CPI
South Korea Fines Kakao Mobility $54.8 Million for Anti-Competitive Practices
Oct 3, 2024 by
CPI
Google Offers Settlement in India’s Antitrust Case Regarding Smart TVs
Oct 3, 2024 by
CPI
Attorney Challenges NCAA’s $2.78 Billion Settlement in Landmark Antitrust Cases
Oct 3, 2024 by
nhoch@pymnts.com
Antitrust Mix by CPI
Antitrust Chronicle® – Refusal to Deal
Sep 27, 2024 by
CPI
Antitrust’s Refusal-to-Deal Doctrine: The Emperor Has No Clothes
Sep 27, 2024 by
Erik Hovenkamp
Why All Antitrust Claims are Refusal to Deal Claims and What that Means for Policy
Sep 27, 2024 by
Ramsi Woodcock
The Aspen Misadventure
Sep 27, 2024 by
Roger Blair & Holly P. Stidham
Refusal to Deal in Antitrust Law: Evolving Jurisprudence and Business Justifications in the Align Technology Case
Sep 27, 2024 by
Timothy Hsieh