Friday, September 24

Brazil to hold 5G spectrum auction in October -minister

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BRASILIA — Brazil will hold a spectrum auction in October at the latest for fifth generation (5G) mobile technology, Communications Minister Fabio Faria said on Wednesday after the federal audit court (TCU) approved the tender with reservations.

A majority of the court approved the tender but one judge asked for 30 days to study terms concerning the government’s plan for a stand-alone network. The auction is expected to raise about 45 billion reais ($8.3 billion).

($1 = 5.3827 reais) (Reporting by Anthony Boadle Editing by Chris Reese)