Brazil’s Anatel orders Tim to suspend infinity day promotion

Matthew Malinowski, Telma Marrotto – Bloomberg Businessweek, 11/16/2012

Brazil’s telecommunication regulator Anatel ordered Tim Participacoes SA (TIT) to suspend its Infinity Day Promotion because of concerns over its quality of service.

The Infinity Day Promotion consists of unlimited calls at a fixed price for 24 hours between telephones operated by Tim. The company said it disagrees with Anatel decision as there is no evidence of “any potential of network instability,” according to an e-mailed statement.

Tim executives “are ready for a clarification meeting with Anatel in Brasilia,” the company said in the statement. Shares fell 3.7 percent to 7.72 reais in Sao Paulo, the second-worst performer among members of the benchmark Bovespa index.

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