Anatel authorizes the sale of Oi to a consortium formed by Claro, Tim, and Vivo.
Immediately after the decision, Oi's shares rose by more than 4%, but the gains moderated, although they closed with an increase of 2,88%.
Infomoney - The National Telecommunications Agency (Anatel) approved this Monday (31) the prior consent for the sale of Oi's mobile operations (OIBR3;OIBR4) for local rivals TIM ( TIMS3), Alive (VIVT3), from Telefônica Brasil, and Claro, a subsidiary of the Mexican company America Movil.
Finally, the regulatory agency granted Prior Approval for the sharing of the Industrial Exploration Contract of the type... RAN Sharing "Presented by the Buyers and the Mobile SPVs," Oi informed the market in a statement following the end of the Anatel meeting.
Immediately after the decision, the shares rose by more than 4%, then moderated their gains, but closed higher. OIBR3 shares rose 2,88%, to R$ 1,07.
The decision was expected on Friday. but it was postponed after one of the members of the regulatory board He asked for more time to analyze the matter.
The sale of assets was approved subject to certain conditions, such as offering capacity to mobile virtual network operators (MVNOs) and a plan for occupying the spectrum transferred from Oi. The rapporteur also suggested excluding loyalty clauses in the case of migration of Oi Móvel users, which will not be automatic.
The sale of Oi Móvel to its competitors was agreed upon in December 2020, in an auction within the operator's judicial reorganization process. The value of the transaction was R$ 16,5 billion, and the funds will be used to reduce the telecom company's debt. If the sale of Oi Móvel is finalized, Vivo, TIM, and Claro will further concentrate the national market for mobile voice and data.
In addition to Anatel, the Administrative Council for Economic Defense (Cade) also needs to analyze the deal by February 15th. In November, Cade's General Superintendence recommended approval of the purchase, conditional on the signing of an agreement that includes, among other actions, network sharing, radio frequency spectrum rental, roaming contracts, and the offering of voice and data packages for virtual operators.
(with information from Estadão Conteúdo)