September 20, 2021

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Oi (OIBR3) collapses by 8.11% after the government opened an investigation into Anatel

Oi (OIBR3) collapses by 8.11% after the government opened an investigation into Anatel

Oi (OIBR3) collapses by 8.11% after the government opened an investigation into Anatel
Hello photo: disclosure

common share of Hello (OIBR3) It collapsed on the trading floor for Wednesday (1), a day The government has opened an investigation In Anatel (National Telecom Agency) on the sale of the company’s mobile networks in the framework of judicial reorganization, reported Paper from St. Paul.

At the conclusion of the day, Oi share (OIBR3) It decreased by 8.11%, to 1.02 Brazilian real. In the year, the normal turnover of the telephone accumulates 53.64%.

with the effect that Sell ​​mobile networks from Hello In the competition environment of competitors, the government referred the case to Anatel. The newspaper said the agency would investigate the risks of disrupting the economic order.

In December last year, operators vivoAnd Tim (TIMS3) NS naturally Buy Oi mobile networks For 16.5 billion Brazilian riyals. However, for MP Elias Vaz (PSB-GO), the sector is already monopolized and the buying process by the three competitors “concentrates what is already concentrated”.

Kidd requested investigations into the sale of Oi’s assets in July

In July, the Economic Defense Administrative Council (Cade) announced the sale of mobile phone operations to Hello (OIBR3) for the consortium of Tim (TIMS3), Vivo (VIVT3) and Claro. In a statement posted on its website, the autonomy said it may ask the administrative court to extend the deadline for analyzing the case.

pointed kid I was informed that further investigations are needed regarding Sale of Oi’s movable assets. The goal is to assess the potential for the consortium to exercise market power with respect to the 54 area codes (DDDs) in which the operation leads to a concentration of more than 2,500 points.

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The municipality also identifies the need for a deeper analysis on the competition in the Mobile Personal Service (SMP) market and strategies to reduce CompetitionIf the operation is approved.

who – which complexity statement It increases the chances of the operation being approved with restrictions or even rejection. But the final decision is up to Cade’s board of directors.

In the analysis of attorney Ademir Pereira, partner at Advocacia José Del Chiaro, representative of Neo, an association of independent and regional telecom operators, the autonomy statement acknowledges that this is a highly questionable operation from a point of view. competitive.

“The concentration is high, the barriers to entry are high, and the remaining competition or competition appears insufficient,” the lawyer told the newspaper. Economic value.

a TimAnd vivo NS naturally Last December, he won the auction for the purchase of 16.5 billion reais of mobile phone network operations for 16.5 billion reais. Hello It sells assets to raise money and pay creditors.