Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Brazil Senate Opens Door for Phone Carriers to Sell Cable TV

Aug. 16 (Bloomberg) -- Brazil’s Senate approved a law opening the cable-television market to telephone companies, creating new opportunities for carriers such as Tele Norte Leste Participacoes SA.

The Senate approved the bill today, Senator Jose Sarney said in Brasilia. The bill already has been passed by the lower house of Congress and awaits the signature of President Dilma Rousseff, whose administration has endorsed the measure.

Cable carriers are getting into the phone and Internet business, causing phone companies to seek to add television service to keep customers loyal. Tele Norte Leste, Brazil’s biggest fixed-line carrier, could offer TV service over its phone lines.

Oi, as Tele Norte Leste is known, and rival land-line carriers Telecomunicacoes de Sao Paulo SA and America Movil SAB already offer satellite-TV service in Brazil. Mexico City-based America Movil’s Net Servicos unit is Brazil’s largest cable carrier.

Oi, based in Rio de Janeiro, fell 17 centavos to 21.63 reais today in Sao Paulo trading. Telecomunicacoes de Sao Paulo, controlled by Madrid-based Telefonica SA, dropped 1.27 reais to 46 reais. America Movil gained 2 centavos to 14.71 pesos in Mexico City.

To contact the reporters on this story: Maria Luiza Rabello in Brasilia at; Crayton Harrison in Mexico City at

To contact the editor responsible for this story: Peter Elstrom at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.