Oi SA looking to delay government’s 700MHz auction

23 Apr 2014

Brazilian carrier Oi SA is looking for a delay to the government’s planned USD3 billion auction of 700MHz wireless spectrum for 4G services, due to take place in August, according to an official at the national regulator Anatel, as quoted by Bloomberg News. Carlos Baigorri, superintendent of mergers and acquisitions for regulator Anatel in Brasilia, is quoted as saying that whilst Oi SA’s rivals – Telefonica (Vivo), Claro Brazil and TIM Brasil – have relaxed their positions regarding plans to call for a postponement, Oi SA is ‘the only one that may have a problem’. It is understood that any delay in the auction of the lucrative 700MHz frequencies would give Oi SA more time to complete its ongoing merger with Portugal Telecom, and shore up its balance sheet – given it is currently the most indebted of Brazil’s wireless carriers. Anatel has no plans to delay the auction, Baigorri said.

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