Brazilian telecoms regulator Anatel has approved the sale of a 14.47% stake in Telemar Norte Leste, the parent company of fixed-line operator Oi.
The stake was sold by Brazilian development bank Banco Nacional de Economic and Social Development (BNDES)…
Brazilian telecoms regulator Anatel has approved the sale of a 14.47% stake in Telemar Norte Leste, the parent company of fixed-line operator Oi.
The stake was sold by Brazilian development bank Banco Nacional de Economic and Social Development (BNDES) to the pension funds of state-run energy giant Petrobras and federal savings bank CEF, which will now each hold around 10% stake.
BNDES will continue to hold 16% of Telemar Norte Leste.
A representative of BNDES confirmed that this was part of the restructuring of the bank’s portfolios.
Separately, Anatel has reopened a public consultation on its universal telecoms plan until November 1. The proposed General Plan on Universal services (PGMU III) is designed to cover the period 2011-2015, leaving just two months for the regulator to analyse the contributions and gain approval for the plans from its board and the advisory council, before the communications ministry prepares the draft decree on universal services, which must be signed by the president. The regulator has said it needs more time to sift through the responses it has already received.
