Brazil’s BNDES will finance national technology for 4G

Brazilian development bank Banco Nacional de Desenvolvimento Economico e Social (BNDES) will provide credit lines to help with the financing of 4G networks in the country, says communications minister Paulo Bernardo. The minister met with BNDES president Luciano Coutinho on 17 May to address funding issues for the domestic industry. ‘We are demanding local content, many companies will surely have an interest in settling or expanding here, and we need funding for the industry,’ Bernardo is quoted as saying

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OVETEL Brazil’s BNDES will finance national technology for 4G