Brazil to hold 5G spectrum auction in October -minister

Telefonica Brasil, SA

18/08/2021 21:38

BRASILIA, Aug 18 (Reuters) - Brazil will hold a spectrum
auction in October at the latest for fifth generation (5G)
mobile technology, Communications Minister Fabio Faria said on
Wednesday after the federal audit court (TCU) approved the
tender with reservations.
    A majority of the court approved the tender but one judge
asked for 30 days to study terms concerning the government's
plan for a stand-alone network. The auction is expected to raise
about 45 billion reais ($8.3 billion).
    ($1 = 5.3827 reais)

 (Reporting by Anthony Boadle
Editing by Chris Reese)
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