Oi Movel sale to Vivo, TIM and Claro faces growing opposition

Tuesday 22 June 2021 | 15:15 CET | News
The purchase of Oi Movel by a consortium made up of Vivo, TIM and Claro, agreed at auction for a bid of BRL 16.5 billion in December, faces resistance from other market players in discussion with the National Telecommunications Agency (Anatel) and the Administrative Council for Economic Defense (Cade), reports UOL. The opposing parties have submitted arguments and studies on the potential negative effects of sector consolidation to the public agencies.

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Categories: Mobile & Wireless
Companies: Anatel / Claro Brasil / Oi / TIM Brasil / Vivo
Countries: Brazil
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