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Brazil clears AT&T's takeover of Time Warner with conditions
2017-10-19 07:55:00| Telecompaper Headlines
(Telecompaper) Brazil's Administrative Council for Economic Defence (Cade) has approved Time Warner's merger with AT&T, the indirect parent company of pay-TV operator Sky Brasil. The anti-trust regulator voted unanimously to accept the deal but, as in Chile and Mexico, imposed targeted conditions to address specific issues it identified. Above all, the companies must keep their operations in Brazil separate and agree not to share sensitive information. The merged company must also disclose the terms of all content licensing and TV programming deals to Cade, which will then determine whether or not they undermine competition in the market.
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Category:Telecommunications