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General

Brazil may relax rules for foreign investment in telecommunications

Thursday 22 April 2021 | 12:40 CET | News
The Brazilian government is planning to relax the rules for foreign investors in the telecommunications market, by repealing Decree 2617/1998, reports Teletime. Although in practice there are no longer any limits on the participation of foreign companies, the decree establishes that "concessions, permissions and authorizations for the exploration of telecommunication services" may be granted or issued "only to companies constituted under Brazilian laws, headquartered in Brazil, and in which the majority of the shares with voting rights belong to persons residing in Brazil".

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Categories: General
Countries: Brazil
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