Brazilian Senate Approved A Bill Introducing Significant Modifications In The Telecommunications Sector

On this Wednesday, the Senate approved a legislative bill that introduces modifications and creates new investments opportunities in the Brazilian telecom sector. The text is now pending on President Bolsonaro's approval.

Such modifications are summarized as follows:

(i) Introduced the possibility of the migration of fixed switched telephone service concessions (SFTC) to the private system (authorization), with the significant reduction of the obligations, and thus, enabling the development of new businesses (focusing on broadband);

(ii) The end of the limitation of a single extension for the terrestrial and satelital radio-frequencies spectrum licenses, included the right of use of the orbital slots;