BRAZIL · TELECOMS

Key Facts

—What happened: Brazil’s telecom regulator Anatel approved the sale of Oi’s fixed-line business to Método.

—How big it is: The deal is worth R$60.1 million (US$11.8 million), bid as a single upfront payment.

—What it means: Oi’s fixed-line customers will eventually be served by Método, but only after conditions are met.