Brazil's MiniCom approves Correios MVNO

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Monday, May 12, 2014

Brazil's communications minister Paulo Bernardo gave the country's postal service Correios the official green light to launch a mobile virtual network operator (MVNO), communications ministry MiniCom said in a release.

Bernardo signed last week a decree, published in the country's federal gazette Diário Oficial da União, authorizing the launch.

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According to the decree, Correios MVNO may be legally established via a subsidiary or through the acquisition of full or partial control in existing companies.

The MVNO is expected to be operational by year-end.