Regional Brazilian operators and chief opposition to the sale of Oi mobile assets Copel Telecom and Sercomtel, have publicly expressed they will not pose any more obstructions to the transaction.
This week the Bordeaux Fundo de Investimentos-owned companies withdrew their opposition after competition authority Cade gave the deal the go-ahead.
The companies said in a joint statement: “We respect Cade’s decision. We will not take any legal action … This is a moment of respect and acceptance.’
Copel raised to telecoms regulator Anatel how a senior board member was not present for vital meetings to push through the sale, a move that was deemed illegal by the regulator’s own legal department.
CommsUpdate reported Copel and Sercomtel were aiming to scoop up assets divested from the antitrust concerns, but the sale of desired spectrums has been ruled out by Cade, in its remedy of rules to the sale.
Claro Brasil, Telefonica Brasil (Vivo) and TIM Brasil are poised to jointly scoop up Oi’s mobile assets for BRL16.5 billion (USD3.25 billion) but under Cade’s demands, they will have to surrender 900MHz of spectrum to an interested regional operator or MVNO for wholesale.
They will also have to divest half of base stations acquired through a public offering, when an interested party appears.