The deal comes after US President Trump blocked the acquisition of Qualcomm by Broadcom and marks a further step of the latter into the software world.
The newly elected leftist government has sounded receptive to coordinate with the telecommunications industry, but it is too early to know where it stands on specific proposals, the regional director of Latin America's ASIET telecoms industry group told BNamericas.
The bill gives companies 18 months to adapt and comply with all the rules. It also establishes the creation of a multi-stakeholder body to oversee the application of the legislation and companies' compliance.
Despite a supreme court ruling that ordered operators to return spectrum that exceeded their limit, regulator Subtel says plans to tender 5G spectrum will go ahead in Q4.
Merchants and banks are making progress in their efforts to meet central bank regulations to adopt contactless and biometric technology no later than January 1, 2021.