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Brazil telecom regulator delays decision on sale of Oi ...

ca.finance.yahoo.com

· Prior to board member Vicente Aquino requesting an additional period of time to review the matter, rapporteur Emmanoel Campelo had recommended the deal be approved with a few reservations. Shares in Oi were down 7% at real in afternoon trading. TIM and Telefonica Brasil were up about 0.7% each, while Brazil's Bovespa stock index dropped 0.3%.

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