PT receives formal green light for Oi purchase

17 Dec 2012

Brazil’s anti-monopoly commission, the Economic Defense Administrative Council, has formally given the green light to Portugal Telecom’s (PT’s) acquisition of a 22% stake in local operator Oi SA, NexTVLatam reports. In announcing its decision, the agency said its considered that no restrictions should be placed on the deal as it could find no ‘competitiveness-related’ issue issues attached to it. The transaction was originally conducted in July 2010 but was only passed by the National Telecommunications Agency in April this year. It is understood that the Brazilian Treasury also supports the move.

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share