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AMOV - America Movil SAB De CV News Story

$14.77 -0.0  -0.1%

Last Trade - 14/05/21

Large Cap
Market Cap £34.74bn
Enterprise Value £59.15bn
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Brazil's telecoms regulator authorizes use of key spectrum in Sao Paulo

Tue 24th July, 2018 12:51pm
SAO PAULO, July 24 (Reuters) - Brazilian telecommunications
regulator Anatel will officially authorize on Monday the use of
the 700 MHz radio frequency band for 4G wireless data services
in Sao Paulo, South America's largest city, the watchdog said on
its website.
    The authorization of the spectrum was long expected, but
will nonetheless be welcomed by Brazil's major mobile operators,
Telefonica Brasil SA  VIVT4.SA  TEF.MC , TIM Participacoes SA
 TIMP3.SA  TLIT.MI , and Claro, a unit of Mexico's America Movil
    The band, which Anatel authorized in the city of Sao Paulo
and three bordering satellite cities, is particularly useful for
increasing receptivity within buildings and improving mobile
broadband speeds.
    Anatel is currently in the process of freeing up 700 MHz
throughout Brazil, which is seen as key for the expansion of 4G.

 (Reporting by Gram Slattery; Editing by Bernadette Baum)
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