French conglomerate Vivendi will be able to cross off another mark on its to-do checklist in acquiring GVT (Global Village Telecom) as Anatel, Brazil's telecom regulator, granted approval for the deal.
Although Anatel approved the acquisition last December, Vivendi had to pay the regulator about €67 million ($89 million) to wrap up an investigation into the deal. After almost a year, Anatel's investigation did not reveal any ‘wrongdoing'
While getting Anatel's approval was an important step in completing the acquisition process, Vivendi still needs antitrust regulator approval.
- TeleGeography has this article
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