Tech Investor Prosus Reports 82% Fall in H1 Profit

Technology investor Prosus NV on Wednesday reported an 82 percent drop in earnings per share for the half year ended Sept. 30, due to higher investment costs and a smaller contribution from its large stake in China’s Tencent Holdings Ltd. The reported earnings of $1.81 per share were in line with expectations after Prosus published […]

Brazil Certifies Seaborn Networks as RCB Provider

In an announcement, Submarine fibre optic cable systems operator Seabras 1 Brasil (Seaborn) said its network has been approved to provide connectivity to the Brazilain Stock Exchange (B3, enhancing the financial services market in Brazil. Alexandre Jahnecke, IT Products, and Market Data Superintendent at B3 said”The combination of our capital markets services with those of […]

Brazil Approves Exploration of Satellites by SpaceX and Swarm until 2027

Anatel (A National Telecommunications Agency) granted satellite exploration rights, late last week, to both companies SpaceX and Swarm.   As such, Space Exploration Holdings, through its legal representative Starlink Brazil Holding Ltda, now has the right to explore the Starlink non-geostationary satellite system until March 2027.   On the other hand, Anatel granted the right to Swarm […]

Brazil 5G auction close at $8.5 billion in bids

Brazilian regulator, Anatel, closed its bidding in the country’s multi-band 5G spectrum auction, reaching a total of $ 8.5 billion in bids, with the 3.5GHz concessions attracting the highest bids – a total of $ 3.96 billion for national permits and $ 1.42 billion for regional permits. In addition, the 2.3GHz band brought in $ […]

Telefonica to offer Viasat satellite internet to business customers in Brazil

Viasat and Telefonica Global Solutions (TGS) have partnered to provide a satellite internet service aimed at business customers across Brazil. TGS will be a wholesale distributor of Viasat’s high-speed satellite internet services in Brazil, serving businesses across the entire country. “Our goal is to empower our customers’ businesses by connecting them to the world through […]

Algar Telecom completes acquisition of Vogel Telecom

The shareholders of Brazilian regional operator Algar Telecom approved the purchase of smaller rival Vogel Telecom for $71 million from the Patria fund. The deal first announced in May has already been approved by the National Telecommunications Agency (Anatel) and the Council for Economic Defence (Cade). A post on the official company blog explains: ‘The […]

U.S. advises against Brazil’s usage of Huawei 5G equipment

The U.S. has expressed its support toward Brazil’s proposal of becoming a NATO partner but stressed its concerns regarding the Latin American country’s business with Chinese telecoms titan Huawei within its 5G telecoms network, White House officials told reporters on Monday.  During a trip to Brazil last week, U.S. National Security Advisor notified President Jair Bolsonaro of the state’s concerns in partnering with Huawei citing cybersecurity […]