Regulator recommends Cade approve Oi, Way TV deal

21 Jan 2008

The Brazilian telecoms watchdog Anatel is recommending that the country’s antitrust authority Cade approve Oi’s proposed acquisition of cable TV provider Way TV, reports BNamericas citing a report in Computerworld. It is understood Anatel’s board found no evidence that the tie-up would result in unfair competition. Oi declined to comment on the Anatel board’s decision. Way TV operates in four key cities in Minas Gerais state and was put up for sale by its current owners – network services provider Infovais and Brazilian power utility Cemig – in July 2006. Oi was the sole bidder in the auction that followed, bidding a 65% premium in its BRL130 million (USD73 million) asking price.

Brazil, Oi