Telefonica SA must determine how to reduce its presence in Brazil to comply with an antitrust ruling, which said its move to boost its influence over Telecom Italia SpA undermines competition in the South American country’s telecommunications market.
Telefonica SA must reduce its influence in Brazil’s phone business, the country’s antitrust regulator said, either by reducing its holdings or by persuading partner Telecom Italia SpA to sell its local unit.
Tim Participacoes SA, the Brazilian telecommunications carrier providing the best return this year, can thrive on its own and fight growing pressure to sell the company, said Chief Executive Officer Rodrigo Abreu.
Brazil’s government is considering developing locally made network equipment that phone companies would be required to use as a defense against foreign spies, Communications Minister Paulo Bernardo said.
The U.S. National Security Agency’s eavesdropping on foreign heads of state from Angela Merkel to Dilma Rousseff is poised to produce its first high-profile corporate casualty: Google Inc.’s operations in Brazil.
Brazil’s mobile-phone companies, reeling from intensifying regulatory scrutiny, must prepare for more changes as the government puts consumers’ needs ahead of corporate profits, Communications Minister Paulo Bernardo said.
Oi SA’s merger with Portugal Telecom SGPS SA is likely to bolster Brazil’s largest landline phone carrier as it battles better-equipped rivals in the world’s fifth-biggest wireless market. The shares fell on concern it won’t be enough.
Brazil’s government plans to cut taxes on domestically manufactured tablet computers as part of a new industrial policy aimed at boosting production of high-end consumer technology goods, Communications Minister Paulo Bernardo said.
Cisco Systems Inc. and Huawei Technologies Co. are losing clout in the world’s fifth-largest telecommunications market as Brazil’s government backs smaller local companies that pledge to block foreign spying.