Ministry of Communications Authorizes R$ 1.4 Billion in Debentures to Expand and Modernize Internet Access in 14 States and the Federal District

Written by Fabio Lucas Carvalho

Published on 28/04/2021 at 12:01

Foto: Banco de imagens

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Ministry of Communications Authorizes Issuance of Debentures to Modernize and Expand the Telecommunications Sector in Several States of the Federation

Yesterday (27), the Ministry of Communications (MCom) approved a project that releases R$1.4 billion in incentivized debentures that will benefit the telecommunications sector in 16 states and the Federal District. This measure aims to modernize and expand the sector in the country, providing access to the internet in a cheaper and faster way. The allocated resources will enable a significant modernization of internet and mobile network services in these states.

Action by the Ministry of Communications Should Enable Better Internet Access for Brazilians

The amount approved by the Ministry of Communications will be used to expand and modernize mobile networks in the states. It will also be used to implement mobile and fixed networks using 3G, 4G, and 5G technologies, improving internet access. As a result, the sector will provide higher quality services in the country.

”The goal of the project is to expand and modernize the data communication network to provide internet access services, voice for retail market segments, companies, and operators through the implementation of mobile and fixed networks with 3G, 4G, 5G, GPON, and MetroEthernet and IP/DWDM Backbone technologies, in addition to the implementation of transport networks, access networks, and network infrastructure.” Describes MCom.

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Debentures, What Are They?

Debentures work as follows: it is a way to “lend” money to a company. However, these debentures are incentivized, meaning there is a reduction or even exemption from income tax. In addition to being a way to invest in public interest infrastructure, this comes from acquiring resources from private sources.

Incentivized debentures are a great alternative for investors, as they allow for tax savings. For the public sector, they are of great importance as they encourage private investment in infrastructure.

Ministry of Communications Authorizes R$ 1.4 Billion in Debentures to Expand and Modernize Internet Access in 14 States and the Federal District

Ministry of Communications Authorizes Issuance of Debentures to Modernize and Expand the Telecommunications Sector in Several States of the Federation

Action by the Ministry of Communications Should Enable Better Internet Access for Brazilians

Debentures, What Are They?

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Ministry of Communications Authorizes R$ 1.4 Billion in Debentures to Expand and Modernize Internet Access in 14 States and the Federal District

Ministry of Communications Authorizes Issuance of Debentures to Modernize and Expand the Telecommunications Sector in Several States of the Federation

Action by the Ministry of Communications Should Enable Better Internet Access for Brazilians

Debentures, What Are They?

A village with 115 inhabitants wants new residents: it offers a house, a job, up to 44 thousand euros in benefits, almost free rent, an annual grant of 8 thousand euros for 3 years, and a 20 thousand euro incentive for businesses in the mountains of Italy.

NASA is offering US$ 750,000 to people from anywhere in the world who solve a problem that could decide survival on Mars: creating food for astronauts without relying on resupply from Earth.

New microwave that can replace three appliances hits the market: Sharp launches 3-in-1 model that combines air fryer, convection oven, and heating in 0.9 cubic feet for small kitchens

With an 88-meter wingspan, a capacity of 250 tons, six engines, and 32 wheels, the Ukrainian giant became the greatest symbol of extreme air transport and one of the most impressive machines in aviation history.

The United Kingdom removed approximately 1.8 million cubic meters of sand from the seabed and is depositing it all on 6 kilometers of beaches in Norfolk, in a mega-operation to curb erosion, protect coastal villages, and shield a vital gas terminal against the encroaching Atlantic.

After 16 years and almost 600 prototypes, a Chinese inventor unveils the world’s smallest and cheapest manned jet, at just 3.80 meters long and costing US$7.2 thousand in materials.

Magalu has a clearance sale on JBL Boombox 4 with 210W of power, 34-hour battery, and 3-way system.

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