ANNOUNCEMENT 13 Sep 2011
In September 2011, the government of Brazil announced changed rules for foreign investors.NUMBER OF INTERVENTIONS
1
SOURCE
Official Gazette N?176, Law N? 12485, published on 13 September 2011. Available at http://www.in.gov.br/
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
AFFECTED PRODUCTS