Brazil antitrust greenlights Arqia's acquisition of Algar's IoT unit
Brazil's antitrust authority Cade gave the green light for Arqia (backed by the British group Wireless Logic) to buy Algar Telecom's IoT and M2M business. The deal, first announced in August, involves acquiring 100 percent of Axis Servicos Digitais, a spin-off holding Algar's IoT assets, contracts, staff, and IP, while core telecom networks, spectrum, and carrier authorisations remain with Algar. Axis will operate as an accredited MVNO, utilising Algar's infrastructure to service sectors like finance, agric