Brazil's Telecommunication Agency Plans to Approve AT&T-Time Warner Merger

Approval of merger was condition of Brazil-US alliance

Julio Wiziack

To comply with a request from President Jair Bolsonaro, the National Communications Agency, Anatel, will approve on Thursday the acquisition of Time Warner by US giant AT&T in an $ 85 billion deal. The deal involves 18 countries and only awaits the approval of the Brazilian agency to be finalized.

However, there is a chance Anatel will postpone the approval because late on Wednesday (21), Counselor Moses Moreira said he wanted to study the acquisition better and may ask for a review.

Deputy Eduardo Bolsonaro also pushed for approval. He was at Anatel this week and published photos with the advisers.

Brazil's President Jair Bolsonaro attends the Brazilian Steel Conference in Brasilia, Brazil August 21, 2019. REUTERS/Adriano Machado - REUTERS

On his website, the deputy defended the approval of the deal and the revision of the pay-TV law that today prevents cross-shareholding between content producers and distributors.

The green light for the transaction was one of the conditions imposed by President Donald Trump on Brazil in exchange for a strategic alliance. 

The president appointed Eduardo to the Brazilian Embassy in Washington. One of the arguments for this is his good relationship with Trump.

Those who follow the case say that the reporting counselors will recommend approval and should be accompanied by the other members of the board at the trial. The result is expected to be unanimous.

Translated by Kiratiana Freelon

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