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CADE approves changes to Telefonica-Vivendi consent decree

By Flavia Fortes ( September 9, 2015, 17:45 GMT | Insight) -- The Brazilian competition authority disclosed it has approved changes to a consent decree entered into by the agency, Telefonica and Vivendi in March regarding Telefonica’s acquisition of GVT from the French conglomerate. Changes further limiting Vivendi’s influence over Telefonica are aimed at mitigating competition concerns that arose from Vivendi’s stake in both Telefonica and Telecom Italia, which control rival Brazilian telecom companies. The Brazilian competition authority has approved changes to a consent decree entered into by the agency, Telefonica and Vivendi in March regarding Telefonica’s acquisition of GVT from the French conglomerate....

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