Brazil's TIM to submit 5G auction proposals on Wednesday

Brazil's TIM to submit 5G auction proposals on Wednesday

26/10/2021 7:25:00 PM

Brazil's TIM to submit 5G auction proposals on Wednesday

SAO PAULO : Brazilian telecom firm TIM SA will on Wednesday submit proposals to participate in the country's auction of 5G mobile spectrum, its senior managers said on Tuesday.On an earning conference call, Chief Executive Pietro Labriola also said the company planned to invest 2.2 billion reais (US$390.0

SAO PAULO : Brazilian telecom firm TIM SA will on Wednesday submit proposals to participate in the country's auction of 5G mobile spectrum, its senior managers said on Tuesday.On an earning conference call, Chief Executive Pietro Labriola also said the company planned to invest 2.2 billion reais (US$390.04 million) more than it had estimated in its original plan for 2022, excluding outlays for the 5G auction.

Tokyo to recognise same-sex partnership: Governor UAE to shift to Saturday-Sunday weekend; adopts 4.5-day work week 15-year-old girl found after going missing on Nov 29: Police

TIM SA had released a guidance report in February saying its capital expenditure during the 2021-2023 period was expected to reach 13 billion reais, including 4.4 billion reais this year.Labriola did not disclose how much TIM SA planned to invest in the 5G auction.

Brazil's government has said it expects to raise around 10 billion reais from the auction scheduled for Nov. 4, based on the minimum bids allowed.TIM's board approved the company's participation in the auction in September.The Brazilian firm, which is part of Italy's Telecom Italia, reported late on Monday net earnings of 474 million reais in the third quarter, up 21.4per cent from a year earlier and slightly above market expectations. headtopics.com

Shares in TIM SA were down about 2.2per cent at 11.70 reais in early afternoon trading, while the broader Bovespa index fell 1.7per cent.(US$1=5.6404 reais)(Reporting by Alberto Alerigi Jr.; Writing by Gabriel Araujo; editing by Barbara Lewis) Read more: CNA »

Raeesah Khan testifies to privileges committee that WP leaders told her to keep to lie made in Parliament

SINGAPORE — Former Workers’ Party (WP) Member of Parliament Raeesah Khan has given evidence to the Committee of Privileges that she had been told by WP leaders to stick to the lie she had made in Parliament on Aug 3.

In Brazil favela, skateboards made of bottle caps promote recyclingRIO DE JANEIRO : In Brazil's largest favela of Rocinha, on the outskirts of Rio de Janeiro, a local project aims to promote recycling by donating food in exchange for bottle caps that are used to build skateboards.Each colorful skateboard is made of some 500 plastic bottle caps that are crushed, melted, p

Bejeweled Mughal-era glasses expected to fetch up to US$3.5 million at auctionLONDON : Two pairs of bejewelled Mughal-era spectacles set with diamond and emerald lenses are expected to fetch up to US$3.5 million each when they are auctioned in London on Wednesday.The glasses were commissioned by an unknown 17th century prince, auction house Sotheby's said, with the precious stone l

In Brazil favela, skateboards made of bottle caps promote recyclingRIO DE JANEIRO : In Brazil's largest favela of Rocinha, on the outskirts of Rio de Janeiro, a local project aims to promote recycling by donating food in exchange for bottle caps that are used to build skateboards.Each colorful skateboard is made of some 500 plastic bottle caps that are crushed, melted, p

Late goal saves point for Inter at home to CorinthiansPORTO ALEGRE, Brazil : Internacional scored a stoppage time equaliser to save a point at home to Corinthians in an eventful 2-2 draw in Brazil's Serie A on Sunday.Rodrigo Lindoso put the home side 1-0 up after just nine minutes but Giuliano took a defence-splitting pass from Gabriel Pereira to equalise fo

Moderna reports 'robust' COVID-19 vaccine response in children aged 6 to 11WASHINGTON: US pharmaceutical giant Moderna on Monday (Oct 25) reported a \u0022robust neutralising antibody response\u0022 to its COVID-19 vaccine in children aged 6 to 11, and said that it will submit the trial data to global regulators soon. \u0022We are encouraged by the immunogenicity and safety profile of mRNA-1273

De Minaur to spearhead Australia's Davis Cup bidMELBOURNE : Alex De Minaur has returned to Australia's Davis Cup team for the finals in Italy next month.De Minaur, who missed Australia's last tie against Brazil in March 2020, was named on the team on Tuesday along with John Millman, Jordan Thompson, Alexei Popyrin and doubles specialist John Peers.