Brasil Telecom filed a complaint against Italy's Telecom Italia, which owns a 19% stake in the Brazilian telecommunications company, saying it acted against the interest of minority shareholders.Brasil Telecom Brasil Telecom S.A. (BrT) is a major Brazilian telecommunications company headquartered in the Brazilian capital of Brasilia. The company is one of three land line telephone companies in Brazil that emerged from the break-up of Telebrás. filed a complaint against Italy's Telecom Italia Telecom Italia is formerly a partially state-owned Italian telco. It was once known as SIP, and it has the largest user base in Italy. Telecom Italia also owns shares in Telecom Argentina and Telecom Personal, fixed and cellular networks in Argentina. , which owns a 19% stake in the Brazilian telecommunications company See telecom company. , saying it acted against the interest of minority shareholders. Brasil Telecom says Telecom Italia wants to increase its share to 38% to obtain veto veto [Lat.,=I forbid], power of one functionary (e.g., the president) of a government, or of one member of a group or coalition, to block the operation of laws or agreements passed or entered into by the other functionaries or members. In the U.S. power and prevent the Brazilian company from acquiring a mobile license. Meanwhile, the Italian company says Brasil Telecom does not have a genuine interest in entering the mobile business but rather wants to disrupt Telecom Italia's operations in the country. |
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