ANNOUNCEMENT 13 Sep 2011

In September 2011, the government of Brazil announced changed rules for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Official Gazette N?176, Law N? 12485, published on 13 September 2011. Available at http://www.in.gov.br/


Inception date: 13 Sep 2011 | Removal date: open ended

FDI: Entry and ownership rule

On 13 September 2011, the government of Brazil lifted the foreign ownership cap for cable operators (telecom). Prior to the change, foreigners were not allowed to command a share exceeding 49 percent in a given company.
 
The law also broadens the services cable operators may provide to package deals including combinations of broadband services (telephone, internet, TV).

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A