Bloomberg News

Vivo, Tim, Oi, Claro Plan to Bid on Brazil’s 4G Auction

June 05, 2012

Vivo SA, Tim Participacoes SA (TIMP3), Oi SA (OIBR4), America Movil SAB (AMXL), who operates under the Claro brand in Brazil, and Sky Brasil Servicos Ltda are among companies that plan to bid on the country’s 4G technology June 12 auction, according to the telecommunications agency, known as Anatel.

George Soros’ Sunrise Telecomunicacoes Ltda also plans to bid on the auction, Anatel said in an e-mailed statement. All interested groups have already filed the required documents as well as their price proposals, according to the agency.

Brazil estimates revenue of 3.85 billion reais ($1.9 billion) with the auction, provided all bandwidths are successfully auctioned, Anatel’s president Joao Batista Rezende said in a Apr. 27 interview.

The winning groups will have to deploy the fourth generation network by Apr. 2013 in cities hosting FIFA’s Confederations Cup in Brazil. For cities hosting the World Cup, the deadline is Dec. 2013, according to Anatel. All other Brazilian municipalities with population above 100,000 should be integrated to the 4G network by the end of 2016.

To contact the reporter on this story: Carla Simoes in Brasilia Newsroom at csimoes1@bloomberg.net

To contact the editor responsible for this story: Helder Marinho at hmarinho@bloomberg.net


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