An investment fund owned by the Hungarian billionaire George Soros has agreed to purchase Sao Paulo-based pay-TV provider Sunrise Telecomunicacoes, which offers wireless cable services over a multichannel multipoint distribution service (MMDS) network operating in the 2.5GHz band. Given that the aforementioned frequency band is intended for use for 4G (mobile) services, the move has prompted speculation that Soros may mount a bid for a licence at Anatel’s forthcoming 4G spectrum auction in June. Local press reports say that Soros' investment vehicle is in a hurry to conclude the deal in time, and has already filed an application with Anatel, seeking approval for the Sunrise takeover, a vote on which is expected Thursday.
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OVETEL Soros acquires pay-TV firm Sunrise, casts gaze towards 4G auction
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