Deal between Telefônica and Winity is approved without restrictions

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Summary:

On September 12th, the Brazilian Administrative Council for Economic Defense (Cade) approved, without restrictions, the reciprocal sharing of telecommunications infrastructure elements between Telefu00f3nica Brasil and Winity through the signing of interdependent and complementary contracts. The agreement involves Winity renting a frequency band to Telefu00f3nica in 1,120 municipalities and providing passive infrastructure to expand Telefu00f3nica's coverage in certain areas. Telefu00f3nica, in turn, will provide Winity with network resources to build its own network, covering 1,012 highway stretches and 313 localities. The Cade ruling is based on the assessment that the deal presents economic efficiencies and does not raise competition concerns.