Brazilian regulator okays Telxius acquisition by American Tower

摘要

The Superintendence-General (SG) of the Administrative Council for Economic Defense (Cade) has approved without restrictions the purchase of the towers of Telxius Torres (a subsidiary of Telefonica / Vivo) in Brazil by American Tower. According to local media reports, Cade's decision was published in the Federal Official Gazette this Thursday, 29, after dispatch issued the previous day. The reports said that some competitors in the tower market wanted conditions to approve the deal. Telefonica signed an agreement with American Tower in mid-January for the sale of the tower divisions in Europe and Latin America. The transaction, one of the most important in the history of the Spanish telecom company, allowed it to enter some 7,700 million euros at the closing.