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

Be the first to react!

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.

ARTICLE CONTINUES BELOW

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?

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

Canada invests more than 2 billion dollars to upgrade an old nuclear laboratory and try to rival the world’s major atomic energy powers.

After nearly twenty years of halted and resumed construction, the Transnordestina has reached 79% completion and finally promises to connect the hinterland to two ports on the Northeast coast.

Madrid wants to build the world’s largest Ferris wheel at 260 meters and €300 million, surpass Dubai, transform Spain’s landscape, and create its own ‘Eiffel Tower’ in a project that still faces resistance and depends on approval.

Celso Portiolli flies over a beach in SC by helicopter, calls the destination the ‘diamond of Brazil’ and buys an apartment for up to R$ 2.4 million in a city of 27,000 inhabitants that moved R$ 4 billion in real estate.

BYD officially enters the semiconductor race by launching the Xuanji A3, a self-developed chip in China that reinforces the technological verticalization strategy and can reduce costs in millions of smart vehicles.

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 giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

Celso Portiolli flies over a beach in SC by helicopter, calls the destination the ‘diamond of Brazil’ and buys an apartment for up to R$ 2.4 million in a city of 27,000 inhabitants that moved R$ 4 billion in real estate.

Lula says that the Brazilian naval industry will “thrash” China and Korea, while the government announces billions for barges, pushers, and a new hydro terminal in the Amazon.

After nearly three decades and more than 1 million cars produced, Toyota will close the historic Indaiatuba plant on June 30 and concentrate Corolla production in Sorocaba, as part of an R$ 11 billion plan that heavily invests in flex hybrids and even an unprecedented pickup.

The number of Brazilian meatpacking plants with suspended meat sales to China rises to five, after the Chinese blocked the JBS unit in Vilhena due to the presence of hormones in the shipments, adding extra pressure on the sector on the eve of the 2026 export quota being exhausted.

How much does it cost to live with dignity in Brazil? A study found that in all 79 regions analyzed, the necessary salary was above the minimum of R$ 1,621. In São Paulo, a family of four needs R$ 6,155 per month.

Canada invests more than 2 billion dollars to upgrade an old nuclear laboratory and try to rival the world’s major atomic energy powers.

After nearly twenty years of halted and resumed construction, the Transnordestina has reached 79% completion and finally promises to connect the hinterland to two ports on the Northeast coast.

Madrid wants to build the world’s largest Ferris wheel at 260 meters and €300 million, surpass Dubai, transform Spain’s landscape, and create its own ‘Eiffel Tower’ in a project that still faces resistance and depends on approval.

Celso Portiolli flies over a beach in SC by helicopter, calls the destination the ‘diamond of Brazil’ and buys an apartment for up to R$ 2.4 million in a city of 27,000 inhabitants that moved R$ 4 billion in real estate.

BYD officially enters the semiconductor race by launching the Xuanji A3, a self-developed chip in China that reinforces the technological verticalization strategy and can reduce costs in millions of smart vehicles.