Brazil plots out national broadband plan

Following the lead of the U.S. FCC's broadband plan, Brazil's government is making a similar dedication to bring broadband services to more low-income subscribers.

To achieve its broadband goal, the Brazilian government will put up $6.1 billion and reestablish Telebras, the former state telecom monopoly, with a four-year, $1.78 billion capitalization plan. Telebras will operate a 23,000 km fiber backbone. In addition, Brazil's state development bank BNDES will give Telebras $4.14 billion in loans.

However compelling the government thinks the plan will be, competitive carriers that gained permission to provide services in the late 1990s argue that the new plan could hinder their ability to operate in the region because it will create a sub market.

For more:
- Reuters has this article

Suggested Articles

icrosoft took the wraps off of a new cloud service for Azure via its partnership with Genesys.

Ahead of next month's fourth quarter earnings, Windstream touted its 2019 broadband achievements this week.

Cincinnati Bell announced on Friday that it has received an unsolicited buyout bid from an "infrastructure fund" for $12 a share in cash.