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General

Anatel sees problems for AT&T takeover of Time Warner

Monday 7 November 2016 | 16:01 CET | News
The president of Brazil's National Telecommunications Agency (Anatel), Juarez Quadros, said that the regulator may intervene in the proposed acquisition of Time Warner by AT&T, reports O Globo. While the acquisition may be approved by US authorities, the merger is not in line with Brazilian law, which prohibits telecommunications companies such as AT&T from having more than 30 percent in companies that provide TV programming, such as Time Warner. Quadros said that a change of regulations is technically possible, but said nothing is on the table at the moment.

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Categories: General
Companies: Anatel / Time Warner
Countries: Brazil
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