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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
Copyright Thomson Reuters 2021
By Reuters
Published on Updated
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SAO PAULO - 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.

Fifteen companies and groups presented the required documentation on Wednesday to register for the auction, set for Nov. 4, including Vivo, Claro and Tim.

($1 = 5.5700 reais)

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