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Nova Rede-Brasil Tecpar deal approved in Brazil

By Maria Júlia Baumert ( November 29, 2024, 20:44 GMT | Insight) --  Brazil's Administrative Council for Economic Defense approved Brasil Tecpar's acquisition of Nova Rede, analyzing potential impacts on fixed broadband, fixed telephony, data centers and wholesale telecommunications infrastructure markets. While concerns were examined in specific municipalities like Ribeirão das Neves and Vespasiano, the authority concluded that factors such as low entry barriers, market growth potential and the absence of incentives for foreclosure mitigated competitive risks.  Brazil's Administrative Council for Economic Defense (CADE) approved the acquisition of Nova Rede by Brasil Tecpar....

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