Brazil 4G Auction No Later Than ‘Early September’, Minister Says

Brazil’s communications minister Paulo Bernardo said that he expects this year’s planned auction of 700MHz band 4G mobile licenses to go ahead by ‘the end of August or the first week of September,’ remaining in line with the government’s previous rough schedule of August. The minister elaborated that the auction plan was last week passed to the state auditor, Tribunal de Contas da Uniao (TCU), which is expected to take 30 days to review and approve the text. If there are no objections to the plan, the preparations for the auction should take another month, he added. Mr. Bernardo downplayed concerns about possible delays to the timetable, particularly the possibility of the auction being delayed until after Brazil’s elections (scheduled for this October), saying that ‘theoretically this can happen because we cannot set a deadline for TCU. But the trend is that the auction will happen before the election.’ Bernardo was speaking at an international investor presentation given by the ministry and Brazilian telecoms regulator Anatel at the Brazilian Embassy in London, following a similar presentation in New York, as Brazil aims to attract fresh foreign investment.

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