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OI sale to telecom firms faces in-depth review in Brazil

By Ana Paula Candil ( July 26, 2021, 18:41 GMT | Insight) -- The purchase of OI's mobile business by Telefônica Brasil, TIM and Claro will face an in-depth antitrust review in Brazil. Investigators from the Administrative Council for Economic Defense, or CADE, declared the deal "complex" after finding that the transaction may significantly increase concentration in the personal mobile service market in several Brazilian area codes. The purchase of OI's mobile business by Telefônica Brasil, TIM and Claro will face an in-depth antitrust review in Brazil....

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