Technology

Brazil raises $8.4 bn in 5G tender

Brazil raises $8.4 bn in 5G tender

Brazil raised $8.4 billion in investments and license fees in an international tender to build and operate one of the world's biggest 5G data networks, Communications Minister Fabio Faria said Friday, hailing a "great success." The final result—46.8 billion reais ($8.4 billion)—came in just shy of the $9 billion the government had forecast.

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