Brazilian Communications Minister Fabio Faria said on Friday that the government may schedule a new 5G spectrum auction to sell off batches that were not interested, mainly in the 26GHz frequency.
Brazil’s telecommunications regulator Anatel on Friday concluded an auction in which Faria told a news conference that the sale raised a total of BRL 46.79 billion ($8.44 billion, or about Rs 62,600 crore), including future capital expenditure commitments, making it a telecommunications asset. became the largest auction of in Latin America to date.
Telecom Italia, telephonica, And America Movie Most of the spectrum rights were acquired through Brazilian subsidiaries in the final part of Friday’s auction, but local rival Algar Telekom also bagged some.
Speaking to reporters in Brasilia, Faria said that the government considers the auction a success, as the total value of the lots sold was about 5 billion BRL (about Rs 6,700 crore) more than the minimum prices. The minister said that there are now six new telecom operators in the country to compete with the big companies.
Minister and Anatel official Abrao Albino said 26GHz spectrum did not attract interest due to uncertainties in the business model. The government will consider a fresh auction to offer unsold batches.
© Thomson Reuters 2021