Brazil’s National Telecommunications Agency (Agencia Nacional de Telecomunicacoes, Anatel) has confirmed that it approved the takeover of Sercomtel Telecomunicacoes by the Bordeaux Fundo de Investimento em Participacoes Multiestrategia (Bordeaux Multi-Strategic Investment Fund) on 7 December. The watchdog notes that the deal had previously been given the green light by the Administrative Council for Economic Defence (Conselho Administrativo de Defesa Economica, CADE). The Bordeaux Fund is now free to complete its takeover of 99.99% of the regional operator.
As previously reported by TeleGeography’s CommsUpdate, in August Bordeaux was crowned as the winner following the privatisation auction for Sercomtel. The auction involved a modest upfront fee of BRL50 million (USD9.1 million) alongside an additional BRL80 million commitment. Subsequently, in November Bordeaux was named as the winning bidder for Copel Telecom, following an 18-round auction. Copel confirmed that the final bidding price reached BRL2.395 billion.