America Movil's Brazil unit wins first new 4G license
BRASILIA, Sept 30 (Reuters) - Claro, the Brazilian mobile operator run by Mexico's America Movil SAB de CV, won a new national broadcast license for fourth-generation (4G) cell spectrum in the 700 MHz range with a bid of 1.947 billion reais ($795 million) on Tuesday.
Rivals Telefonica Brasil SA and TIM Participações SA, the country's two biggest carriers, remained in the dispute for two other national 4G licenses. Fourth-place mobile operator Grupo Oi SA said last week it would not participate in the auction.
($1 = 2.45 Brazilian reais) (Reporting by Leonardo Goy Editing by W Simon)
© Thomson Reuters 2017 All rights reserved.