Anatel denies Oi intervention rumours

19 Aug 2019

Brazil’s National Telecommunications Agency (Agencia Nacional de Telecomunicacoes, Anatel) has issued a statement denying a recent report by newspaper O Estado de Sao Paulo, which claimed that the government is considering an imminent intervention in the debt-wracked telco, as it fears the interruption of Oi services next year. The watchdog confirmed that the ‘special monitoring’ of Oi’s services relates to the telco’s judicial reorganisation and has been ongoing since 2014. Further, Anatel observes that a ‘definitive market solution is the preferred scenario for the positive evolution of the group’s situation, given its adherence to the current regulatory model’, suggesting it would not block any M&A activity involving Oi and its rivals.

Brazil, National Telecommunications Agency (Anatel), Oi