TIM to set aside USD1.02bn for 3G, WiMAX licences

26 Jul 2007

Brazilian mobile phone company TIM Brasil has allocated more than BRL2 billion (USD1.02 billion) in 2007 to acquire 3G mobile and WiMAX broadband licences, reports BNamericas citing local newspapers as saying. The company has set aside the monies as part of a wider BRL5.7 billion investment by the Telecom Italia-backed operator covering the period 2007/09. TIM Brasil believes the regulator will conduct a 3G auction this year, but says its participation is dependent on the bidding rules and licensing terms.

Brazil, TIM Brasil