Brazil regulator moves ruling on Oi mobile ops sale to Monday (updated)

Telefonica Brasil, SA

28/01/2022 18:26

(Adds information about regulator's next meeting, updates share
movement)
    SAO PAULO, Jan 28 (Reuters) - Brazilian telecom regulator
Anatel on Friday postponed its ruling on the sale of Oi SA
 OIBR3.SA  mobile operations until Monday, as one of its board
members asked for more time to analyze the matter.
    The regulator's next scheduled meeting would be on Feb. 10,
but it decided to set a new extraordinary meeting for Monday,
Jan. 31.
    Oi's mobile operations are expected to be sold to local
rivals TIM SA  TIMS3.SA , Telefonica Brasil's Vivo  VIVT3.SA 
and Claro, a subsidiary of Mexico's America Movil  AMXL.MX .
They won the assets in a 2020 auction with a joint bid of 16.5
billion reais ($3.06 billion).  urn:newsml:reuters.com:*:nL1N2IU1TW
    Prior to board member Vicente Aquino requesting an
additional period of time to review the matter, rapporteur
Emmanoel Campelo had recommended the deal be approved with a few
reservations.
    Shares in Oi were stable at 1.01 real in afternoon trading,
after falling as much as 7% earlier. TIM's shares were up about
0.5% and Telefonica Brasil about 0.8% each, while Brazil's
Bovespa stock index  .BVSP  dropped 0.1%.

($1 = 5.4000 reais)

 (Reporting by Alberto Alerigi Jr.; Writing by Gabriel Araujo
Editing by Tomasz Janowski and David Gregorio)
 ((Gabriel.Araujo2@thomsonreuters.com; +55 11 5644 7745;))