Brazil telecoms regulator says 5G auction rules to be published by Monday


FILE PHOTO: Hanging cubes display 5G logos at the Mobile World Congress in Barcelona, Spain, February 26, 2019. REUTERS/Sergio Perez/File Photo

SAO PAULO (Reuters) - Brazil's government expects to attract some 50 billion reais ($9.35 billion) in bids from a planned auction of fifth generation (5G) mobile spectrum, with auction rules to be issued by Monday, telecoms regulator Anatel Superintendent Abraão Balbino said on Friday.

Balbino said that the value of the projected capital expenditures made by the companies will be discounted from the bids, with 40 billion reais in capital expenditures expected.

($1 = 5.3471 reais)

(Reporting by Alberto Alerigi)

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

   

Next In Tech News

New technology offers anonymous way to report abuse, doping in the US
Siemens prepares separation of large drive business
Using the world’s first green steel to make a dump truck
Ford to invest around $300 million to build electric car parts at UK plant
Singapore billionaire and Ronaldo try to marry football and tech
Philips lowers outlook as recall, parts shortages bite
Foxconn bullish on electric vehicle prospects as it shows off three prototypes
Energy-stricken South Africa weighs need to save climate and keep lights on
Stellantis, LGES to form battery JV for North American market
Electric vehicle battery startup ONE backed by BMW, Gates-led firm

Others Also Read


Vouchers