CEMIG Telecom for sale; regional ISP iConecta to launch TD-LTE

6 Jun 2017

Brazilian utility firm Companhia Energetica de Minas Gerais (CEMIG) has revealed plans to divest a number of assets, including its telecommunications arm, CEMIG Telecom. Telesintese.com.br reports that the company’s divestment programme centres on non-strategic assets, minor holdings and assets that will not bring in short-term returns. The site claims that CEMIG Telecom is valued at BRL193 million (USD59.1 million). TeleGeography notes that the telco currently serves the metropolitan region of Belo Horizonte (in Minas Gerais) and parts of four other states: Pernambuco, Ceara, Bahia and Goias.

Elsewhere in Minas Gerais, regional ISP iConecta is in the process of deploying a time division duplex LTE (TD-LTE) network covering 54 cities in its home state. The telco will utilise 2500MHz spectrum secured in the so-called ‘leftovers’ spectrum auction staged by the National Telecommunications Agency (Agencia Nacional de Telecomunicacoes, Anatel) in the fourth quarter of 2015. According to Telesintese, the infrastructure is being rolled out by Chinese vendor ZTE, and will connect to the firm’s pre-existing fibre-optic backhaul network.

Brazil, CEMIG Telecom, iConecta, ZTE