Brazil’s Big Three Telecoms Face Congressional Probe as TIM Warns on Price War

Brazil · Business Key Facts —Oi Móvel sale. TIM, Vivo and Claro acquired Oi’s mobile assets for R$16.5 billion (US$3.1 billion) in a deal approved by Anatel and CADE in early 2022. —Federal scrutiny. The Federal Public Ministry (MPF) opened proceedings over alleged collusion and recommended CADE reject the consortium purchase. —Post-deal arbitration. The three…