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Brazil Could Lose R$25 Billion in Taxes with 5G Auction Delay, Says Ericsson

RIO DE JANEIRO, BRAZIL - The 5G auction was due to be held in March 2020, but possible interference with the satellite TV service could delay the event. Ericsson, a supplier of mobile network equipment, says that in case the bidding is postponed to 2021, the Brazilian government will fail to collect R$25 billion (US$6.25 billion) in taxes.

The number was released in a study showing revenue projections and investments of 5G technology Brazilian operators . . .

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