Telefónica to bid against Claro, TIM and 12 other competitors in Brazil in final 5G auction

Telefónica will bid against 14 other competitors in Brazil's 5G auction starting Thursday, the last major auction outside the operator's core markets (Germany, Brazil and the United Kingdom).

RIO DE JANEIRO, BRAZIL - The Brazilian government will auction national and regional lots in four frequencies: 700 MHz, 2.3 GHz, 3.5 GHz and 26 GHz, expecting to raise R$49.7 billion (US$8.78 billion).

Telefónica, which has Vivo as its mobile company in Brazil, will bid against its two main competitors, Claro and Telecom Italia (TIM), as well as local operators and investment funds.

Completing the list of bidders are Algar Telecom, Brasil Digital Telecomunicações, Brisanet, Cloud2u, Consorcio 5G, Fly Link, Mega net, Neko, Nk 108, Sercomtel, VDF and Winity II Telecom.

Telefónica . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?