Brazilian firm earns nearly $3 bln in 3G wireless auctions
Published December 21st, 2007
Brazil’s National Telecommunications Agency (Anatel) announced on Thursday that the auctions for 3G wireless telephone licenses have generated a total of 5.3 billion reais (2.9 billion U.S. dollars).
It was 86.6 percent up from the initial bids, which stood at 2.8 billion reais (1.5 billion dollars), said Anatel.
Eight licenses for Minas Gerais state and the region covering the municipalities of Londrina and Tamarana in Parana state were auctioned on Thursday, it said.
Telephony operator Telemig Celular acquired the first license auctioned for Minas Gerais state for 21.2 million dollars, up 36.5 percent from the initial bid.
Other winners included mobile phone operators Claro, TIM and Oi, which posted bids of 28.1 million, 22.5 million and 23.7 million dollars, respectively.
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