America Movil Can Take Control of Net Servicos, Brazil Says

America Movil SAB, the biggest mobile-phone carrier in the Americas, won government permission to take control of Brazilian cable operator Net Servicos de Comunicacao SA. Net’s shares rose.

Brazilian communications regulator Anatel approved America Movil’s request to acquire control from Globo Comunicacao e Participacoes SA, according to a meeting broadcast online. Net has 90 days to provide a plan to take away Globo’s board seats and veto rights over the company’s decisions, Rodrigo Zerbone, an Anatel board member, said during the meeting.