Brazil's antitrust regulator has asked Claro and Desktop for more information on their fiber deal, a sign of closer scrutiny of a fast-consolidating market.
Trade
Key Facts
—The step. On June 24, Brazil’s antitrust body CADE formally asked Claro and Desktop for more information about their planned merger.
—The clock. The companies were given 15 days to answer, with the questions focused on overlaps in telecom services.
—The deal. Claro agreed in March to buy about 73% of Desktop, valuing the fiber provider near R$4bn ($795m).
Claro, the Brazil arm of Carlos Slim's América Móvil, is buying most of fiber provider Desktop in a deal worth about four billion…
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