Brazil opens cable TV market to competition

BRASILIA, Nov 25 (BestGrowthStock) – Brazil’s telecommunications
regulator eased restrictions in the country’s fast-growing
cable TV market on Thursday to allow increased competition and
help bring down subscription fees.

Anatel, the industry watchdog, lifted restrictions on the
number of cable TV providers allowed to operate in each
municipality. It also allowed existing operators to expand to
other municipalities within broad geographic regions.

As a result there will no longer be public auctions for
operating licenses, Anatel said in a statement.

The move aims to make pay-TV more accessible and ensure
future communications capacity through investments in
converging networks, it said.

In the first ten months of the year the number of pay-TV
subscribers rose by 26 percent over the previous year to a
total of 9.4 million subscribers.

Net Servicos (NETC4.SA: ), owned by Mexican billionaire
Carlos Slim, is Brazil’s biggest pay-TV operator.

Slim wants to create a giant telecom company that could
offer fixed-line, wireless, Internet and TV services in Brazil
under a single umbrella.

In the third quarter Net profits tumbled 76 percent on
rising operational costs and expenses [ID:nN07163451].

(Reporting by Raymond Colitt; Editing by Andrew Hay)

Brazil opens cable TV market to competition