0
Wireless

Oi confident of approval of sale of mobile network to competitors

Friday 15 January 2021 | 17:02 CET | News
Oi's financial diretor, Camille Faria, is confident that Brazil's Administrative Council for Economic Defence (Cade) will approve the sale of Oi's mobile network to competitors Claro, Tim and Vivo by the end of the year, reports Correio Braziliense. She explained that the three competitors prepared "a segregation plan to respect regulatory rules and division of customers in order to avoid concentration". However, she did not rule out the possibility that Cade might ask for some sort of adjustment, but said it is unlikely it will refuse the deal.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Claro / Oi / TIM / Vivo
Countries: Brazil
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Oi enters into exclusive talks with BTG Group on sale of InfraCo

Published 05 Feb 2021 15:30 CET | Brazil
Brazilian operator Oi has entered into an exclusivity agreement, for a limited period of time, with BTG Group, which submitted a ...

Oi confirms binding bids for InfraCo

Published 26 Jan 2021 16:51 CET | Brazil
Brazilian operator Oi confirmed it received third-party binding proposals for the partial acquisition of its InfraCo unit, all of ...

Brazilian anti-trust authority CADE mulls restrictions on sale of Oi's mobile network – report

Published 22 Jan 2021 14:57 CET | Brazil
Brazil's Administrative Council for Economic Defence (Cade) is assessing the imposition of restrictions and sale of assets to ...

Oi expects to sell InfraCo above minimum value

Published 18 Jan 2021 13:26 CET | Brazil
Oi's director of finance and investor relations, Camille Faria, said that she expects the company's fibre infrastructure unit ...

Claro, TIM and Telefonica confirm takeover of Oi Movel for BRL 16.5 billion

Published 15 Dec 2020 10:34 CET | Brazil
The joint bid of TIM Brasil, Telefonica Brasil and Claro Brasil for Oi's mobile business has been declared the winner, with an ...

Oi to divide up mobile telephony assets among rivals

Published 11 Sep 2020 15:10 CET | Brazil
Oi will divide up its mobile operations to facilitate the sale process among its rivals Vivo, Claro and TIM, reports O Globo. The ...

Rio court orders Oi to organize virtual creditors meeting

Published 24 Aug 2020 09:12 CET | Brazil
Judge Monica Maria Costa Di Pietro of the Rio de Janeiro Court of Justice confirmed the Oi's creditor meeting will take place on ...

Claro, TIM and Vivo enter exclusive talks to buy Oi mobile assets

Published 10 Aug 2020 09:02 CET | Brazil
Brazilian operator Oi has granted the consortium formed by Telefonica Brasil (Vivo), TIM and Claro exclusivity in negotiations to ...

Brazil antitrust would block Oi takeover by TIM, Claro and Vivo – report

Published 05 Aug 2020 13:46 CET | Brazil
If TIM, Claro and Vivo go ahead with the intention of buying the mobile unit of Oi, it is highly likely that the operation will ...

TIM, Telefonica and Claro update bid for Oi's mobile business to BRL 16.5 billion

Published 28 Jul 2020 08:32 CET | Brazil
TIM Brasil, Claro and Telefonica Brasil have submitted an updated binding bid for the acquisition of Oi's mobile assets worth BRL ...





Calendar   /   Industry Events

01 Mar Embedded World Digital
03 Mar Vivendi Q4 2020
03 Mar Marvell Technology fiscal Q4
03 Mar Avast FY results
04 Mar Inwit Q4 2020
04 Mar Ciena fiscal Q1
04 Mar Broadcom fiscal Q1
04 Mar MTS Q4 2020
04 Mar Telesat Q4
05 Mar Vonage Investor Day
10 Mar MTN FY results
10 Mar Verizon Investor Day
::: More Calendar Items