The Brazilian mobile operator submit a request to the government asking it to defer certain tax payments and fees for recently acquired 3G licences due to the reduced availability of credit and the adverse impact on their investment programmes as the reason.
Vivo Participacoes CEO Roberto Oliveira de Lima says that all sectors of the domestic economy will feel the impact of tighter credit markets in 2009, which may lead to unemployment rates and lower consumer income.
Lima is looking to the Federal government to help the telecoms market saying: ‘The same way the government is helping other sectors in Brazil, it should also give our sector some stability to plan ahead.’ He went on to add: ‘That decision has to be made now so our investment can actually happen six months ahead. We cannot allow a circumstantial situation to force us to take a bad decision, which would be halting investments.’
Wireless Federation » Brazilian operators request for concessions for 3G licence fees
Brazilian operators request for concessions for 3G licence fees
- November 21st, 2008
- 6:37 am
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