Brazil competition authority clears Oi mobile asset sale
A sale of operator Oi’s mobile assets to the Brazilian units of America Movil, Telefonica and Telecom Italia was approved by the country’s competition regulator with conditions, despite calls earlier this week for the deal to be blocked.
Brazil 5G auction raises over $1B on opening day
Bidders in Brazil’s 5G auction committed to spend more than BRL7. 1 billion ($1. 27 billion) on 5G licences during the first day of the sale, with the local units of Telefonica, Telecom Italia and America Movil among the big spenders.
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