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CADE Approves Telebras and Embraer Partnership
[Satellite TODAY 11-05-12] Brazil’s Council for Economic Defense (CADE) has approved the partnership between Embraer and Telebras formed to create Visiona Tecnologia Espacial to acquire and develop the Brazilian geo-stationary satellite, CADE announced Nov. 4.
According to the deal, Embraer will have 51 percent of the company, while Telebras will represent the Brazilian government with 49 percent. Telebras will operate the satellite planned to launch in 2014 and the Brazilian government aims to use the satellite to expand broadband internet coverage throughout the country.
Telebras has also supplied fourteen municipalities in Rio Grande do Sul with cheap broadband within the National BroadBand Plan (PNBL) with the activation of a network connection. According to a company statement, this is due to a signed agreement with Coprel Telecom to allow the offering of a 1 Mbps service for a price of up to approximately $17.
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