Brazil Anatel to sell PCS licenses for three areas
Reuters, 07/10/2000 08:55
SAO PAULO, July 10 (Reuters) - Brazil's telecommunications regulator said on Monday it plans to sell new cellular licenses in three regions of the country, an auction that industry analysts say could bring in as much as $5 billion in fresh investment.
Anatel, Brazil's National Telecommunications Agency, picked out the regions of the northeast, the central-south and the industrial powerhouse of the state of Sao Paulo to sell PCS (Personal Communications Services) licenses.
"We decided to make the same divisions as we made for fixed telephone services...since the convergence of telecommunications networks is imminent," said Renato Guerreiro, Anatel's president, during a news conference.
The licenses will allow telephone companies to offer the latest technology in cellular communication, including high-speed Internet access. The licenses will be sold at a bandwidth widely used in Europe - 1.8 GHz - and are expected to attract fresh European and U.S. investors.
Industry analysts say PCS could power a third of all cellular phones in Brazil by 2005, bringing in $5 billion in investment. katherine.baldwin@reuters.com))
Copyright 2000, Reuters News Service |
