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Mobile services
Telemar to exercise option on equity in BCP only at end-October
sexta-feira, 12 de setembro de 2003 , 15h20 | POR REDAÇÃO

Telemar won?t decide whether to exercise its option on equity in BCP until the end of October, after the acquisition by America Movil is finalized. Carlos Henrique Moreira, CEO of Claro, says Anatel and CADE should have time to analyze and approve the deal by then. In about the same time frame BCP should be granted permission to migrate to PCS, which means it will be allocated an extra 10 MHz. After all that, and after payment of 625 million US Dollars as agreed by America Movil, Telemar will decide whether to acquire a minority stake in BCP. The amount of equity on which it has an option hasn?t been disclosed. The price would be proportional to the total value established in the acquisition agreement.

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