Sunday, November 20, 2011

Claro whether a consortium with Embratel and Net auctioning for the remains of the SMP

In order to use the 1.8 GHz band, designed for 3G, 4G projects, the controllers of Claro allowed the participation of the company - either alone or through a consortium with other companies of the group America Movil - on auction the remains of 800 MHz and 1.8 GHz, scheduled by the FCC for the 1st of December. Minimum price from the sale of frequencies was set at R $ 591.9 million.

The decision of the controllers of Claro was made at a meeting held on November 10. In report to the Securities and Exchange Commission (CVM), Brazil's financial regulator, the company announces that the officers resolved that "unanimously and without reservation," the company's participation in the auction in the following way:

1) approve the procedures for the formation of the consortium LIGHT S / A, if so required, as the lot where there is interest for the Company's participation in the tender mentioned, and:

2) authorize the Officers of the Company, or prosecutors appointed by them, the practice of all acts resulting from the Company's participation in the said bidding, including isolation, as provided in statute, and the conclusion of terms of authorization from ANATEL, if the Company is successful in the bid.

The Claro is one of the carriers are testing the use of LTE, the 4G mobile phone in the range of 1.8 GHz The purchase of additional spectrum is crucial to the success of the initiative. Still remember, was the only operator to show a favorable position to the sale of the 2.5 GHz band, in April 2012, like the government - the others complain that there is 'time' to invest in a new generation of telephone mobile.

The auction of the remains of the Personal Mobile Service by Anatel was scheduled for the day on December 1. The sub-bands will be offered (S) and extension (SE) to be exploited for 15 years, in 54 lots. The agency set a minimum price of R $ 591.9 million.

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