Tech

5G auction increases competition in Brazil’s telecom sector

The country's much-awaited 5G auction kicked off today, with new entrants in the market sparking hope that Brazil's telecom sector will become less centralized

5g auction bolsonaro competition
President Jair Bolsonaro rings the bell kicking off the 5G auction. Photo: Isac Nóbrega/PR

With a delay of two and a half years, Brazil has finally begun auctioning its 5G spectrum to telecom companies. The country’s “big 3” players in the sector — Vivo, TIM, and Claro, responsible for 80 percent of the mobile telephone market — snapped up the juiciest assets. Still, the addition of four new operators could be beneficial to consumers.

After the first of two days, the auction saw 16 frequency segments distributed for bids amounting to BRL 7.1 billion (USD 1.2 billion). When all is said and done, the government hopes to raise BRL 50 billion in tenders...

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