Ancine to pronounce on AT&T and Warner merger in second term

Ancine’s broad (Brazilian National Film Agency) defined a timetable for regulatory analysis of the merger between AT&T and Time Warner, which will include seven stages and should conclude in the second half of 2019.

Analysis will include the following steps: a gathering information process, market agents affected by the operation pronouncements, Market Follow-up Superintendence manifestation,  Federal Specialized Attorney approval, Executive Superintendence endorsement and Ancine’s directors appreciation and decision.

In 2017, Ancine expressed itself negatively about this merger at Economic Defense  Administrative Council (CADE),which finally approved it with reservations.

In the US merger was already operative, but a final conclusion is expected, which depends on  Appeal Court Justice Department (it was rejected in the first legal instance).

While analysis seven stages to be followed by Ancine are being met, Anatel is preparing a demonstration on the regulatory aspects of AT&T and Time Warner merger , which is expected to be completed in the first half of the year.

2011’s 12,485 Law established the subscription TV model and prevents cross ownership between distribution companies and content production. In AT&T’s case,  it is Sky’s controller in Brazil. As for Time Warner (now Warner Media) owns Turner networks (CNN, Cartoon, TNT and others) and HBO. Discussion point is whether these channels Brazilian performance is in conflict with how the company works as a distributor.