Anatel advisory board warns against fine swap deal with Telefonica

Monday 16 April 2018 | 15:25 CET | News

The technical area of ​​Brazil's National Telecommunications Agency (Anatel) advised the regulatory body's board not to enter into an agreement with Telefonica on swapping fines for investments. According to a report by O Estado de Sao Paulo/Broadcast, the technical commission responsible for evaluating the terms of the deal believes there is no certainty to closing the deal. Through the Conduct Adjustment Agreement (TAC), the operator would substitute fines to Anatel amounting to BRL 3.2 billion for investments of BRL 5.4 billion, for the expansion of high-speed internet in the outskirts of major cities. 

From the outset, the project was surrounded by controversy, as some of the main competitors, among them Claro (Net) and TIM, came together against the proposal. The main project included the installation of a fibre-optic network in 105 municipalities, of which 104 already had such services from other players in the sector.

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Categories: General
Companies: Anatel / Telefonica
Countries: Brazil
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