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

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?

Finnish Man Buys Unwanted Island for a Bargain, Builds Home with Seven Trees and €400 Roof, Lives Off-Grid with Family in -35°C

Indian Driver Spends 14 Years Digging 10-Meter Tunnel Through Mountain to Connect Isolated Village to the World

Man Who Spent 27 Years Cleaning Classrooms in Louisiana Becomes Principal of the Same School at 39

South Korea Tows 18 Concrete Blocks Weighing Up to 48,000 Tons Over 36 km to Construct a 3.2 km Underwater Tunnel Between Busan and Geoje, Installed Nearly 50 Meters Deep

Indian Teens Win National Geographic Award at Google Science Fair for Using Common Sour Fruit to Naturally Coagulate Rubber in 6 Hours, Reducing Production Time by 10 Hours

Nigeria Dumps 120 Million Tons of Sand into Atlantic to Build Massive City with 8.4 km Sea Wall for Protection Against Ocean Waves and Erosion

In China, 23 Families Spent Over 4 Years Carving a 1.2 km Road Through a Cliff to Overcome Isolation and Transform a Remote Village

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