Announcement
18 Dec 2013
On December 18, 2013, the Brazilian National Development Bank (BNDES) and the Funding Authority for Studies and Projects (FINEP) announced a new set of subsidies and lines of financing worth USD 750 million to be given to companies in the optical and wireless communications systems, data transfer and storage, strategic communications and telehealth sectors.
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Number of interventions
3
3 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
12 Aug 2014
Revocation date:
12 Aug 2018
Updated: 18 Dec 2013
Public procurement, nes
In addition to the information provided above, the Brazilian Ministry of health guaranteed R$ 80 million (USD 40 million) in future purchases of companies under INOVA Telecom.
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Updated: 18 Dec 2013
Production subsidy
In addition to the information provided above, the total funds available for INOVA Telecom in the form of production subsidies are R$ 30 million (USD 15 million).
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Updated: 18 Dec 2013
State loan
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