Brazilian 5G spectrum bidder Neko Servicos de Comunicacoes Entretenimento e Educacao has reportedly filed a waiver seeking to return the 26GHz frequencies it won at auction. According to Teletime, which cites sources familiar with the process, the paperwork was filed last month, but has yet to be publicly confirmed by Neko itself.
TeleGeography notes that Neko successfully bid on a regional 26GHz concession comprising a 1×200MHz block of spectrum in Sao Paulo. Post-auction, Neko was revealed to be a bidding vehicle for Yon Moreira, who runs MVNE Surf Telecom, which currently supports around 100 MVNOs. Neko intended to target 5G fixed wireless access (FWA) and low-latency IoT solutions with its 26GHz spectrum.