Nokia says Brazil 5G auction may be world's biggest yet

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Nokia says Brazil 5G auction may be world's biggest yet
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Finnish telecoms equipment maker Nokia Oyj expects Brazil to host the world&#039...

SAO PAULO - Finnish telecoms equipment maker Nokia Oyj expects Brazil to host the world’s biggest-ever single auction for fifth-generation spectrum next year, a senior executive told Reuters.

“We see the political will to carry out a large spectrum auction in the first quarter of 2020. I think it is plausible to say that the big Christmas present in Brazil next year will likely be a 5G smartphone,” Wilson Cardoso, Nokia’s chief technology officer in Latin America, said in an interview on Monday.

“The crown jewels are certainly 26GHz and 700MHz, but the more spectrum available the lower the price speculation among the carriers,” he explained.

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