Anatel could force TIM Brasil sale

7 Oct 2013

Brazil’s national telecoms regulator Anatel could force Telecom Italia (TI) to divest its Brazilian mobile operator TIM Participacoes (TIM Brasil) if Spanish telco Telefonica completes the acquisition of 100% of Telco – the controlling shareholder in TI – Reuters quotes an unnamed source at the watchdog as saying. Last week, Telefonica confirmed it had struck a deal worth around EUR860 million (USD1.16 billion) to increase its stake in Telco.

Brazil, TIM Brasil