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Brazil Allows Mobile Companies to Resume Selling Services

BRASILIA--Brazilian telecommunications regulator Anatel on Thursday lifted the ban on mobile-phone sales by three operators that was introduced July 23. TIM Participacoes SA (TSU, TIMP3.BR), Oi SA (OIBR, OIBR4.BR) and Claro, the local unit of Mexico's America Movil SA (AMX, AMX.MX) will be allowed to start selling again Friday, Anatel head Joao Batista de Rezende told reporters in Brasilia. The three companies were banned from selling in some states because of poor quality of service and a high level of complaints. Anatel said the bans were introduced because performance indicators were below par. It gave the three firms 30 days to present investment plans aimed at resolving service problems. TIM was banned from selling in 19 states, including Rio de Janeiro, while Oi was banned from selling in five states, and Claro was banned from selling in three states--including the populous and wealthy state of Sao Paulo. Telefonica Brasil SA (VIV, VIVT4.BR), the country's largest operator, wasn't banned from selling. According to reports, the companies presented investment plans totaling 20 billion Brazilian reais ($9.8 billion) and have committed to addressing complaints. Some of the operators have said that rather than spending more money outright, they will be refocusing some of their existing investment budgets to deal with the problems highlighted by Anatel. --Paulo Winterstein and Matthew Cowley in Sao Paulo contributed to this report. Write to Gerald Jeffris at gerald.jeffris@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for America Movil (AMX)
DateTimeHeadline
09/30/201418:03:23ADR Shares End Lower; America Movil, HSBC Shares Trade Actively
09/30/201412:43:05Brazil's Government Raises Less Than Expected From Auction of...
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09/16/201418:21:44ADR Shares End Higher; Petrobras Shares Trade Actively
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08/21/201407:32:00Brazilian Court Gives Green Light to Airwaves Auction Process
08/19/201408:25:49Telecommunication-Tower Operator T4U Plans IPO in Brazil
07/21/201418:03:34ADR Shares End Mixed; Philips Shares Trade Actively
07/14/201419:30:42America Movil Secures Majority Stake in Telekom Austria
07/09/201417:30:46ADR Shares End Higher; America Movil, Teva Shares Trade Actively
06/30/201417:04:08ADR Shares End Mixed; Philips, America Movil Trade Actively
06/27/201418:49:40Slim to Buy Back America Movil Stake from AT&T
06/27/201418:48:41Carlos Slim to Buy Back 8.3% America Movil Stake from AT&T
06/17/201406:22:21Telekom Austria's New Ownership Structure Approved by Regulator
06/11/201418:22:03Ecuador to Begin 4G Mobile Spectrum Talks With Private Operators
05/19/201410:47:33America Movil Shares Fall Sharply as AT&T to Sell Stake
05/15/201408:39:20America Movil Publishes Takeover Offer for Telekom Austria
05/13/201413:41:03Argentina Plans to Auction 4G, 3G Wireless Licenses
04/25/201407:17:59KPN Net Profit Down 98% -- Update
04/24/201407:55:12Brazilian Mobile Subscribers Up in March; Vivo and Tim Gain Share

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