Portugal’s telecoms regulator Anacom is unhappy that the country’s competition watchdog AdC has given its conditional approval to Sonaecom’s proposed takeover of Portugal Telecom without consulting with it first. Anacom chairman José Amado da Silva has expressed his ‘dissatisfaction’ that he was not consulted before the AdC published its preliminary decision reports AFX, citing local newspaper Diario Economico. The AdC has approved Sonaecom’s EUR11.1 billion (USD14.1 billion) buyout of its larger rival on the condition that it sells off either its fixed line or cable business and frees up some wireless spectrum to be used by a new mobile licensee once Sonaecom’s Optimus unit and PT’s TMN division are combined. The country’s second largest cellular operator Vodafone has opposed the takeover, claiming that the unification of TMN and Optimus will harm competition.
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