Telecoms

Telecoms

Brazil

Telecom Italia Buys Brazilian Wireless License Telecom Italia Mobile planted its footprint firmly ? and relatively cheaply ? across Brazil in March when it bought a wireless license that gives the company access to the states where it isn?t already operating. As the sole bidder in the government?s auction for the 16-state license, Telecom Italia paid $251 million after initially offering $478 million, which was 5.3% above the minimum asking price. The Brazilian government wound up giving Telecom Italia a steep discount on the license because the company previously bought rights to operate in several northeastern-coast states served by the new license, which covers the southeastern sta

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