Either Telecom Italia sells Tim Brasil or Telefonica will have to leave Telecom Italia. This aut aut is set by the president of the Brazilian Antitrust (the Cade) Vinicius Marques de Carvalho, according to which the increase in participation of Telefonica into Telco-Telecom violates the 2010 agreements which established the separation between the two main mobile operators, Vivo and Tim.
The provision taken by Cade, complete with a 5 million euro fine imposed on Telefonica, states that "the presence of the Spanish company in Telecom Italia without the presence of a partner for Vivo puts competition in mobile telephony at risk".
One of the shareholders of Telecom, that is, opposes the pronouncement of the Brazilian Antitrust Marco Fossati, shareholder of the telephone company at 5% through Findim, who stated that "the consequent solutions imposed by Cade on Telefonica cannot be to the detriment and detriment of Telecom, the solution cannot and must not be the forced sale of Tim Brasil, considered strategic by Telecom's management itself ”.
Fossati therefore asked for "immediate and decisive intervention by the Italian supervisory authorities" which clearly establishes Telco's de facto control over Telecom, "as has already been done by the Brazilian authorities, with all the related legal and financial consequences".
