Federal Audit Court concludes voting and approves 5G auction in Brazil

RIO DE JANEIRO, BRAZIL – The Federal Audit Court (TCU) has concluded the approval to auction broadband frequencies for the 5G technology, the minister of communications, Fábio Faria, said on Twitter on Wednesday (25).

“The public bid notice goes to Anatel to be published,” Faria added. In an interview with “Voz do Brasil”, Faria confirmed that the auction will take place in October.

Last week, the TCU had examined the public notice, obtaining a majority that followed the vote of the rapporteur, Raimundo Carreiro, in favor of approval. However, one of the ministers asked to review the process.

The bid auction, considered the biggest in the history of broadband in Brazil, is expected to generate about R$45 billion (US$8.5 billion) and should take the technology to all 27 state capitals by July 2022, according to the government’s expectations.

Related coverage: Brazil registers 30,671 new cases and 903 Covid deaths (August 25) · Brazil's federal public debt closes July at US$1.03 trillion, up 1.24% · Brazil's Rio de Janeiro City Hall suspends reopening plan due to pandemic surge · Coffee in Brazil's Minas Gerais state loses almost 20% of its cultivated area to frosts

More: Brazil news in English, every day from The Rio Times.

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

LatAm Markets: Live Signals → — real-time movers, turnover leaders and FX across Latin America.

Brazil runoff, Sunday, October 25: Brazil runoff: date, poll closing times and when results start. Latest: Brazil runoff polls, Flávio 51%, Lula 49%.