http://spanish.china.org.cn/economic/txt/2015-03/26/content_35160382.htm
The Brazilian authorities approved today, with restrictions, the purchase of the telecommunications operator GVT, controlled by France Vivandi, by the Spanish multinational Telefonica
. The transaction closed in September last year, was pending approval of the Administrative Council for Economic Defense (CADE), the Brazilian antitrust authority, having received the green light by the National Telecommunications Agency (Anatel), the regulator sector.
The CADE approved the transaction but imposed several conditions, such as Vivendi sells “gradually” its holding in Telefónica Telefónica Brazil and dispose of 6.5 percent stake in Telecom Italy, company that controls the mobile operator TIM, main rival in Brazil Vivo, the largest mobile operator in the country and is a subsidiary of the Spanish company.
In addition, Telefónica is obliged to maintain coverage The quality of service and offering GVT offers.
The CADE also banned Telefonica and Vivendi share or have access, either directly or indirectly, to any confidential and strategic information in the field of telecommunications concerning these companies.
Telefónica bought GVT 22,000 million reais ($ 7,000 million).
The acquisition allowed the Spanish multinational happen to lead the Brazilian market broadband, with 30.73 percent of the clients, and doubled its presence in the pay-TV, where he reached a market share of 7.06 percent.
Telefónica, through its subsidiary Vivo, it was the main mobile operator in Brazil and the second fixed, a sector in which it consolidated its market share by adding customers GVT
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