Mergers & Acquisitions Mergers & Acquisitions

OI sale to telecom firms faces in-depth review in Brazil

By Ana Paula Candil
  • 26 Jul 2021 14:11
  • 27 Jul 2021 09:46
The purchase of OI's mobile business by Telefônica Brasil, TIM and Claro will face an in-depth antitrust review in Brazil.

Investigators from the Administrative Council for Economic Defense, or CADE, declared the deal "complex" after finding that the transaction may significantly increase concentration in the personal mobile service market in several Brazilian area

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