Conditional approval for Telefonica SA from Brazilian regulators

Conditional approval for Telefonica SA from Brazilian regulators



October 23, 2015

Telefonica SA, the leading telecommunications operator in the Spanish and Portuguese-speaking world, and a group of Italian financial investors, has been given conditional approval by Brazilian regulators to the purchase of a controlling stake in Telecom Italia SpA.

The conditions imposed by Anatel, the telecommunications regulating agency in Brazil, will be outlined in a news conference yet to be arranged.

Telefonica and Telecom Italia have overlapping cell phone operations in Brazil. Telefonica owns half of leading Brazilian cell phone operator Vivo Participacoes, and Telecom Italia owns Tim Participacoes, the second largest mobile operator in Brazil.

Approval by Brazilian regulators is the last hurdle for the €4.1bn deal announced in April 2015. Under the agreement, it is proposed that Telefonica and the investors would receive a 23.6% stake in the former Italian monopoly through an investment vehicle called Telco.

timyeo

Related Posts

Skype mobile to launch in Taiwan

Comments Off on Skype mobile to launch in Taiwan

Half of UIQ bought by Motorola

Comments Off on Half of UIQ bought by Motorola

NT$4 billion in losses for CHT due to poorly timed contract

Comments Off on NT$4 billion in losses for CHT due to poorly timed contract

iPlayer goes 3G mobile

Comments Off on iPlayer goes 3G mobile

Fujikura launches Optical Fibre Identifiers

Comments Off on Fujikura launches Optical Fibre Identifiers

T-Mobile free games kick-start marketing revolution

Comments Off on T-Mobile free games kick-start marketing revolution

EksaIP Big Push at Broadband Business Forum

Comments Off on EksaIP Big Push at Broadband Business Forum

Mimecast announces senior appointments

Comments Off on Mimecast announces senior appointments

MediaXstream Builds up Secure Hibernia Atlantic Network

Comments Off on MediaXstream Builds up Secure Hibernia Atlantic Network

Nokia devices can now use Boingo to go online

Comments Off on Nokia devices can now use Boingo to go online

BT reveals super-broadband test sites

Comments Off on BT reveals super-broadband test sites

Timico wins UC contract at Ruddle Merz

Comments Off on Timico wins UC contract at Ruddle Merz

Create Account



Log In Your Account



casibomslot sitelericanlı casino sitelericasino sitelerislot siteleribahis siteleribaywinİnterbahiscasibomcasibomcasibombelugabahismadridbetartemisbetcasibomgrandpashabetcasibombetsatbets10holiganbetbaywinMaltcasinohacklinkmatadorbet
NewsHair Transplantankara çekicioto çekicivozol 12000dextools trendingdextools trending botdextools botdextools trending servicedextools trending algorithmcoinmarketcap trending botpinksale trending botpolatlı evden eve nakliyatköpek ilanlarıpomeranianmersin nakliyattuzla evden eve nakliyatMedyummersin evden eve nakliyatantika alanlarantika alanlareskişehir uydu servisiboerboel yavrupomeranian ilanlarımarsbahisportobetseo çalışmasıface liftgoogle adsniğde evden eve nakliyat