Finep gives thumbs up to 19 new telecoms projects

12 Feb 2008

Finep, a federal project financing body in Brazil, has given the green light to funding worth BRL80 million (USD45.4 million) for 19 ‘innovative’ telecoms-related projects, writes BNamericas citing an agency statement. Firstly, the body has approved 17 projects related to ‘technological and industrial development’ in segments such as fibre-optic and wireless broadband communications – considered a key priority for Funttel, the Brazilian communications ministry’s telecoms investment fund. Finep has allocated 41% of the funds to go to projects in Brazil’s southeast, 23% in the south, 18% in the north and 18% in the northeast, it said. Each project will receive a minimum donation of BRL1 million. Secondly, a further two university-based projects (focusing on platforms and digital content) have been approved in the south of the country, dealing with the support and development of technologies for the production, editing and distribution of interactive digital content for long-distance education applications, either via web or digital TV.