28 Oct 2021 04:04AM
(Updated: 28 Oct 2021 04:06AM)
SAO PAULO : Brazil’s treasury could raise up to 3 billion reais (US$538.60 million) through its 5G auction next week if all available frequencies are sold, Abraao Balbino, chief of telecoms regulator Anatel, said on Wednesday.
Fifteen companies and groups presented the required documentation on Wednesday to register for the auction, set for Nov. 4, including Vivo, Claro and Tim.
(US$1 = 5.5700 reais)
(Reporting by Alberto Alerigi Jr.; writing by Stephen Eisenhammer; Editing by Leslie Adler)