Brazil hails success of 5G auction

Brazil hails success of 5G auction

Corporate & Sovereign Strategy Economy & Policy Equity Brazil Capital Markets Telecoms

Brazilian Communications Minister Fábio Faria hailed the success of an auction for the fifth generation (5G) mobile network in Brazil, saying it set up BRL46.8 billion ($8.48 billion) in investments against a background of increased competition in the telecommunication sector. "We did it," Faria said at the end of the two-day auction on Friday, concluding another step to install 5G in Brazil.   Three international telecommunication companies already established in Brazil – Spain's Telefónica, Me

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