Fust gets USD1.7 billion; Anatel faces crisis

22 Jun 2005

Brazil’s universal access fund, Fust, has collected BRL4 billion (USD1.7 billion) in payments from the country’s operators; telcos make monthly payments equivalent to 1% of their revenues. The government has not revealed what the funds will be spent on. Anatel has said it hopes some of the money will finance digital inclusion projects.

Meanwhile, Anatel is facing financial problems after the government slashed its 2005 budget by around 75%. The regulator said that its budget should be BRL377 million (USD159 million) but the government has cut it to BRL90 million. The regulator needs the money to finance new fixed line contracts due to become effective on 1 January.

Brazil, National Telecommunications Agency (Anatel)