Brazil opens 5G tender, seeking $9bn in investment

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Brazil opened an international tender Thursday to build one of the world’s biggest 5G data networks, seeking $9 billion in investment for Latin America’s largest economy.

Calling it a “historic” moment, President Jair Bolsonaro opened the tender in Brasilia with a symbolic bang of the auctioneer’s hammer, kicking off bidding by 15 companies that officials said could last through Friday.

The sprawling South American country is looking to leverage so-called fifth-generation mobile technology to accelerate the development of its industrial and agribusiness sectors — as well as bring super-fast internet to the cell phones of its 213 million people.—AFP

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