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Brazil's Anatel rejects Société Mondiale appeal on Oi board members

SAO PAULO, March 31 (Reuters) - Brazilian telecommunications regulator Anatel on Friday rejected an appeal by Société Mondiale Fundo de Investimento regarding its nomination of two alternative members to the board of phone company Oi SA , upholding its decision in January.

In that ruling, Anatel's directors said that Société Mondiale could not name the replacements for two independent board members because it would violate a requirement in Oi's corporate statute. (Reporting by Ana Mano; Writing by Brad Haynes; Editing by James Dalgleish)