Bloomberg News

Tim Wins Third 4G, Rural Telephone Auction in Brazil

June 12, 2012

(Corrects name of company in third paragraph.)

Tim Participacoes SA (TIMP3) won the third auction of licenses for 4G technology in Brazil and wireless frequencies in the country’s rural areas, Brazil’s telecommunications regulator, known as Anatel, said.

The company agreed to pay 340 million reais, or 7.9 percent more than the minimum price of 315 million reais, according to Anatel.

Tim will have obligations in the states of Parana, Rio de Janeiro, Santa Catarina and Espirito Santo for rural frequencies, Anatel said.

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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