Home » TECH AND INTERNET » Brazil sets 5G mobile auction for Nov 4, expects to raise $1.9 billion

Brazil sets 5G mobile auction for Nov 4, expects to raise $1.9 billion

FILE Photograph: Brazil’s Communications Minister Fabio Faria, is viewed right after a assembly with Brazil’s President Jair Bolsonaro and the heads of National Congress, the Supreme Court and governors, in Brasilia, Brazil, March 24, 2021. REUTERS/Ueslei Marcelino

September 24, 2021

By Alberto Alerigi

SAO PAULO (Reuters) -Brazil’s governing administration has scheduled an auction of fifth generation (5G) cellular spectrum for Nov. 4, with anticipations that it will raise all around 10 billion reais ($1.87 billion) centered on the minimal bids permitted, government officers reported on Friday.

The successful bidders will be required to devote about 40 billion reais in 5G infrastructure, the government predicts, with the degree of money expenditures also regarded as as component of the bid worth.

Among the the obligations for auction winners, they ought to deliver significant-velocity web to hundreds of educational facilities to constructing 4G infrastructure together roadways.

Communications Minister Fabio Faria declared the day of the auction on Friday on Twitter. Full regulations for the auction are envisioned to be published on Monday, according to telecoms regulator Anatel.

Anatel had put off a selection on the procedures on Sept. 13 with board members at the regulator requesting more time for assessment. Anatel’s board approved the auction in an extraordinary meeting on Friday, the minister claimed.

Past week, Faria mentioned Sao Paulo and other large Brazilian cities will have 5G networks performing by the end of the 12 months and all point out capitals will have the technological know-how by July 2022.

The 5G auction will be the most significant spectrum auction ever managed by Anatel. The Brazilian government expects providers to pay out up to 45 billion reais ($8.5 billion) for the functioning licenses for four distinct frequencies to be auctioned.

($1 = 5.3441 reais)

(Reporting by Alberto Alerigi, added reporting by Lisandra Paraguassu in BrasiliaWriting by Tatiana Bautzer and Jake SpringEditing by Brad Haynes, Chris Reese and Diane Craft)

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