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Tax Breaks for Telecom Companies: Daily

By Leo Byrne, Contributing Reporter

RIO DE JANEIRO, BRAZIL - The federal government of Brazil yesterday announced plans to allow telecommunications companies tax breaks provided they make additional infrastructure investments totaling R$16 billion to R$18 billion before 2016. However in order to qualify for the waivers, the telecom firms will have to meet certain criteria.

The proposal will exempt any companies wishing to extend the service of 3G and develop 4G networks from the PIS (Social Integration Program . . .

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