Anatel gives green signal to the Oi-BrT deal (Brazil)

The Brazilian regulator Anatel has given a green signal to the restriction it had made on the BrT’s takeover by Oi. The deal is worth $2.48 billion and was annouced in April. The total price tag for the takeover is expected to rise to $5.07 billion.
The takeover will bring Oi the strength to compete against the two giants Spain’s Telefonica and Mexico’s America Movil and will hold 70% of the fixed-line market.
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