Antitrust Antitrust

Claro, OI, Telefônica Brasil fined 783 million reais in CADE multimedia communication probe

By Ana Paula Candil
  • 11 May 2022 19:48
  • 11 May 2022 19:48
Telecom firms Claro, OI Móvel and Telefônica Brasil have been fined a total 783 million reais ($153.1 million) by the Brazilian competition authority for engaging in anticompetitive practices when they formed a consortium to secure multimedia communication service contracts with the state postal company, state bank, and Brazil's Communications Ministry.

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