Patria-backed Winity II wins first batch of Brazil's 5G auction with $255 mln bid

Telefonica Brasil, SA

04/11/2021 15:34

SAO PAULO, Nov 4 (Reuters) - Brazilian telecom company
Winity II, backed by private equity firm Patria Investimentos,
placed on Thursday a winning bid of 1.43 billion reais ($255.63
million) for the 700 MHz band national coverage in Brazil's
long-waited 5G spectrum auction.
    
($1 = 5.5940 reais)

 (Reporting by Gabriel Araujo)
 ((Gabriel.Araujo2@thomsonreuters.com; +55 11 5644 7745;))