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Wireless

TIM loses appeal against regulatory clearance for Claro takeover of Nextel

Thursday 12 December 2019 | 14:28 CET | News
Brazil's Administrative Council of Economic Defense (Cade) approved without restrictions the purchase of 100 percent of mobile operator Nextel by Claro. The deal was announced in March for USD 905 million, but rival TIM Brasil challenged regulatory approval for the merger, saying Claro should be forced to share part of the spectrum with competitors.

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