Brazil Regulator Approves Claro-Nextel Deal Without Restrictions

Analysis of the acquisition of Nextel by America Movil, owner of Claro, was done after an appeal by Tim, qualified as third party interested in the process, according to a document published on Brazil antitrust regulator’s website.

• Rapporteur Sergio Ravagnani considered that the conditions of rivalry in the market were sufficient to dispel possible competition concerns, even in Sao Paulo and Rio, where Nextel’s performance is more relevant; other members agreed with decision
• NOTE: NII Holdings and AI Brazil Holdings announced the sale of their respectively 70% and 30% stakes in Nextel Brasil to America Movil, owner of Claro, ...