Request for visas suspends analysis of sale of Oi at Anatel to TIM, Claro and Vivo - ISTOÉ DINHEIRO

SAO PAULO (Reuters) – Counselor Vicente Aquino, from the National Telecommunications Agency (Anatel), on Friday asked for views on the process that examines the sale of Oi’s mobile assets to operators TIM, Vivo and Claro, during an extraordinary meeting of the autarchy.

As a result, the decision on possible approval was postponed to at least February 10, the day of the next Anatel meeting.

Oi’s common stock, which in 2016 presented one of the largest requests for judicial reorganization in the country’s history, was down 7.9% at 1 pm. Preferred stock showed a decline of 6%. The shares are not part of the Ibovespa, which at the same time was down 0.4%.

Meanwhile, the share of TIM, which will be one of the main beneficiaries of the operation along with Claro, according to analysts, rose 0.8%. Vivo showed appreciation of 0.7%.

The reporting adviser of the case, Emmanoel Campelo, recommended the approval of the operation, but with reservations that have already been presented before in the agency. No other directors cast a vote in the online session.

The remedies recommended by Campelo include offering capacity to virtual mobile operators, known by the acronym MVNO, and a spectrum occupancy plan transferred from Oi. automatic.

TIM, Vivo and Claro were granted the right to buy Oi’s mobile assets in December 2020. Since then, regulators, including the Administrative Council for Economic Defense (Cade), have been studying the transaction.

Last November, Cade’s General Superintendence recommended approval of the operation with the adoption of remedies that mitigate competition risks.

(By Alberto Alerigi Jr.; edited by Aluísio Alves)