Business Services Industry
Brazil: Telecom Italia will pay cash for Band D mobile concession.
South American Business Information, March, 2001
Brazil, Mar 8, 2001
Telecom Italia will pay next Monday R$1.54bil cash ralated to the winning bids submitted by the company for the II and III areas at the band D mobile telephony auction. In case Telemar, which won concession for area I, also pays cash, the Brazilian government will receive revenues of R$2.642bil early next week. Telecom Italia will be offered a 30% discount for giving back the concessions related to the states of Parana, Santa Catarina and Rio Grande do Sul, where the company already provides cellular telephony services (Band A) through Tele Celular Sul (TIM Celular Sul).
Copyright (c) 2001, South American Business Information, All rights reserved.
INDUSTRY KEYWORD: Mobile Communications
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