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

Brazil could collect up to 3 billion reais via 5G auction, says regulatory official
Brazil could collect up to 3 billion reais via 5G auction, says regulatory official   -   Copyright  Thomson Reuters 2021
By Reuters

SAOPAULO – 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)