Brazilian Economic Defense Institution recommends approving purchase of Oi mobile assets

While the wait continues for the ruling of the Brazilian court regarding the purchase of mobile assets of Oi by Claro, Telefónica and TIM, valued at USD 2.9 billion; the Superintendency of the Administrative Council for Economic Defense of Brazil announced that it recommends approving the operation with conditions.

 In December 2020, the association made up of the three companies applied for the auction for the acquisition of the operator’s assets after it declared bankruptcy. Since then, the court began the process of analysis to make its decision, which now has 240 business days left, plus the possibility of requesting an extension of 90 more days.

Among the conditions proposed by the institution, it was suggested to establish a concentration control agreement to share the RAN and have the spectrum for rent for municipalities with less than 100,000 inhabitants. In addition, it recommended making a roaming agreement and MVNOs to enable other operators to access the network, allowing new competitors to enter the sector.