BRASILIA, Nov 5 ― Brazil opened an international tender yesterday to build one of the world's biggest 5G data networks, seeking US$9 billion in investment for Latin America's largest economy.
The tender is for the right to build and operate different “blocks” of the frequency spectrum for 20 years, as well as a separate network that will be reserved for government communications. By Thursday afternoon, Brazil had raked in $1.1 billion in investments from winning bidders, including Telecom Italia's local subsidiary, Tim; Spanish group Telefonica's Brazilian unit; and Claro, owned by Mexican telecoms magnate Carlos Slim's America Movil.“It is one of the largest 5G tenders in the world. The potential is enormous,” industry specialist Christian Perrone of the Technology and Society Institute in Rio de Janeiro told AFP.
“Consumers won't see that much difference, aside from faster download times for movies and videos. But from the standpoint of industry, this is going to open up a whole new reality for factories, agribusiness, the productive sector,” said Marcos Ferrari of Conexis Brasil Digital, a group representing five of the bidding firms.
Around 40 million people in Brazil still lack internet access, according to national statistics institute IBGE in 2019, the most recent data available.
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