Brazilian regulator Anatel unanimously approved the sale of Oi’s mobile unit Oi Movel to a consortium of its former rivals in a vote held on 31st January.
In December 2020, Claro Brasil, Telefonica Brasil and Tim Brasil lodged a joint bid of BRL16.5 billion (USD3.25 billion) for Oi’s mobile operations. CommsUpdate notes that the offer was ratified by Brazil’s Judicial Reorganisation Court, with Oi executing the agreement on 28th January 2021.
Anatel granted its approval after an evaluation of competition in the market. To maintain a healthy competitive environment, operators will be required to submit Wholesale Product Reference Offers for national roaming. The consortium members must also make voluntary commitments around their use of Oi’s spectrum, which Anatel claims will safeguard competition so that new operators can enter the market.