Technology

Technology

Brazil

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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