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Opposition to Oi Móvel’s split between Vivo, TIM and Claro grows in Brazil

RIO DE JANEIRO, BRAZIL - The operation to buy Oi Móvel (OIBR3; OIBR4) by the consortium formed by Vivo (VIVT3), TIM (TIMS3) and Claro, agreed in an auction through a R$16.5 (US$3.2) billion bid in December, is meeting with resistance from other market players during discussions within the National Telecommunications Agency (ANATEL) and the Administrative Council for Economic Defense (CADE).

Opposition to market concentration is gaining ground in these arenas, as a result of the division of Oi's telephony and mobile internet networks among the three rivals.

At this time in which the transaction is . . .

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