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Bernardo Says Tef/GVT Offer to Be Studied for Mkt Concentration 2014-08-05 19:44:33.593 GMT
By Christiana Sciaudone Aug. 5 (Bloomberg) -- Brazil Communications Minister Paulo Bernardo speaks in Sao Paulo. * Consolidation not good for consumer * Consumers benefit from more companies * Telefonica and GVT are unlikely both to bid in 700mhz auction; either one or the other. * Companies can buy more than one license at auction * Bernardo said he was taken by surprise by TCU’s suspension of the 4G auction last night * NOTE: Brazil’s auction of 4G wireless airwaves was suspended by the agency that monitors government spending, citing grave irregularities in its design. {NSN N9UABQ6JTSEC<Go>} * Bernardo says doesn’t see changes to essence of 700mhz auctions * BNDES has credit lines ready for telcos * All telecom sectors should pay lower taxes * Brazil isn’t offering services that people want * Bernardo says trying to reduce state taxes on tablets * Cos that don’t bid for 700mhz to face competitive problems * Bernardo sees growth of pay TV slowing to 11% this yr from 30% in 2013
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To contact the reporter on this story: Christiana Sciaudone in Sao Paulo at +55-11-2395-9268 or csciaudone@bloomberg.net
To contact the editor responsible for this story: Richard Jarvie at +54-11-4321-7732 or rjarvie@bloomberg.net