Brazil seeks investment in fibre-optic networks

The communications minister for Brazil says that by exempting companies from certain taxes the country hopes to attract BRL70 billion (USD44 billion) worth of investment over the next four years for the construction of fibre-optic networks. Paulo Bernardo revealed that the government would forfeit an estimate BRL4 billion in tax under the proposed scheme. Reuters reports that President Dilma Rousseff will now decide whether to send the proposal to Congress or implement it immediately with a decree that would still require the approval of legislators at a later date.