Anatel approves Intelig sale to Docas Investimentos

1 Aug 2008

Brazil’s telecoms regulator Anatel yesterday approved the sale of long-distance operator Intelig Telecom to Docas Investimentos for around USD22 million. Docas is owned by the entrepreneur Nelson Tanure, who also controls the Brazilian business newspaper Gazeta Mercantil e Jornal do Brasil. Tanure intends to make Intelig his gateway into the lucrative telecommunications market. The purchase agreement was announced in January this year and was awaiting regulatory approval. TeleGeography’s GlobalComms database writes that in February this year, Docas agreed to pay USD12 million to Intelig’s owners, British-owned National Grid, US-based Sprint Nextel and France Telecom. The remaining USD10 million will be paid when Docas actually takes control of Intelig, which is expected to happen shortly upon authorisation from local telecoms regulator Anatel and antitrust authority Cade.

Intelig Telecom launched commercial services in 2000 in competition with Embratel in the domestic long-distance (DLD) segment. Its biggest asset is a network of more than 500,000km of fibre-optic cables.

Brazil