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Brazil expects $4 bn from 4G spectrum auction(EFE Ingles Via Acquire Media NewsEdge) Brasilia, Sep 29 (EFE).- The Brazilian government expects revenues of 8.2 billion reais ($4 billion) from this week's auction of six licenses to operate 4G mobile phone services. Telefonica, Claro, TIM and Algar will bid for concessions of bandwidth in the 700 MHz range currently used for analogue television. Brazil's broadcasters are required by law to shift to the digital format by 2018. Telecom regulator Anatel confirmed last week the participation of Brazil's three largest mobile providers: Telefonica, a subsidiary of Spain's Telefonica; TIM, controlled by Telecom Italia; and Claro, a subsidiary of Mexico-based America Movil. The fourth entrant, locally-owned Algar Telecom, operates in the states of Goias, Minas Gerais, Mato Grosso do Sul and Sao Paulo. Three of the licenses to be auctioned will grant rights to provide nationwide service. A fourth excludes certain municipalities and the remaining two cover areas in the central region of Brazil. EFE Ed/jab/dr (c) 2014 EFE News Services (U.S.) Inc. [ Back To TMCnet.com's Homepage ] |