PCS Auction Canceled for Lack of InterestBrazil's telecommunications regulator, Anatel, was forced to cancel the first of three bidding auctions for nine new PCS wireless network licenses. Serranby, a consortium controlled by Brazilian investment fund Opportunity, was the only group to present a bid. Anatel disqualified Serranby from the auction because the company had not deposited the necessary guarantees. Anatel was hoping to sell one license per region per auction for a total of nine new concessions for the north, south and São Paulo metropolitan regions. Interest in the much-anticipated auctions has been waning, especially by international providers.
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