Report: Brazils Cade to approve AT&T-Time Warner merger

ATT-TW

According to financial newspaper Valor Economico, Brazil’s antitrust regulator Cade is set to approve AT&T’s acquisition of Time Warner with conditions. The report said that Cade won’t order AT&T to sell the DTH operator SKY.

Valor Economico said that Cade will approve the operation this Wednesday, but it did not give more details on what conditions would eventually be imposed by the regulator. The agreement will also be subject to the authorization of the National Telecommunications Agency (Anatel).

In August, the superintendent’s office of Cade had recommended changes to the deal as it could harm competition in Brazil’s pay TV market.

AT&T owns 93% of SKY Brazil, the second largest operator (behind Net) in terms of number of subscribers with 5.5 million customers at the end of Q217. The purchase of Time Warner by AT&T, valued at USD 85.4 billion, has already been approved in Latin America in countries such as Mexico and Chile.

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