Anatel gives Telefonica-GVT deal the all-clear

24 Dec 2014

Brazilian telecoms regulator Anatel has confirmed that it has approved Telefonica’s USD9.83 billion acquisition of broadband provider Global Village Telecom (GVT) from French media group Vivendi, albeit with certain conditions attached. In a bid to maintain competition, the watchdog has insisted that Telefonica and GVT cede some of their fixed telephony licences in service areas where their operations overlap, and also to maintain existing service plans for customers for a period of 18 months. Meanwhile, Anatel has noted that the transfer of Telefonica-owned Telecom Italia (TI) shares to Vivendi – which forms part of the takeover deal – will be assessed separately.