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Brazil’s Public Ministry recommends rejection of the purchase of Oi by Claro, Tim and Vivo

RIO DE JANEIRO, BRAZIL - Brazil's Federal Public Ministry (MPF) has recommended to the Administrative Council for Economic Defense (CADE) to reject the purchase of Oi by TIM, Vivo (Telefonica), and Claro due to "competition violations".

The Prosecutor General considers that the operation harms the market and that the telecommunications companies violated the law by forming a consortium to buy the competitor.

Federal Prosecutor Waldir Alves, the representative of the Prosecutor General's Office, also decided in his opinion to open two administrative proceedings against the three telecommunications companies to investigate irregularities.

One proceeding is to investigate concerted behavior between . . .

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