This content is not available in your region

Brazil could collect up to 3 billion reais via 5G auction, says regulatory official

Brazil holds long-awaited 5G spectrum auction, eyeing $8 billion of investments
Brazil holds long-awaited 5G spectrum auction, eyeing $8 billion of investments   -   Copyright  Thomson Reuters 2021   -  
By Reuters

<div> <p><span class="caps">SAO</span> <span class="caps">PAULO</span> – Brazil’s treasury could raise up to 3 billion reais ($538.60 million) through its 5G auction next week if all available frequencies are sold, Abraão Balbino, chief of telecoms regulator Anatel, said on Wednesday.</p> <p>Fifteen companies and groups presented the required documentation on Wednesday to register for the auction, set for Nov. 4, including Vivo, Claro and Tim.</p> <p>($1 = 5.5700 reais)</p> <p/> </div>