Is China shut out of Brazil's 5G comp? Earlier this year, Brazil's President Jair Bolsonaro set an ambitious deadline to roll out 5G broadband – which provides much faster internet connections – by July 2022. In recent days, telecom firms have been vying to get a piece of the pie as the tender process heats up. Indeed, it's a lucrative prospect for telecom companies in a country where more than three-quarters of the population (or roughly 190 million people) are connected to the World Wide Web. But the process has not been smooth sailing because, well: China. Bolsonaro has been under a lot of pressure from China skeptics within his own government, and Washington, to exclude tech giant Huawei from the bidding wars. Bolsonaro ultimately caved, as Beijing has evidently been locked out of the process for now. Claro, a Mexican-Brazilian venture, and Spain's Telefonica seem to have walked away big winners from the 5G auction after putting up the most cash for spectrum rights. But this is all very awkward because Huawei has been a major tech provider in Brazil for decades, and local cell phone operators also rely on Huawei's tech. What's more, excluding Huawei, by far the most cost-effective supplier of 5G equipment in the country, will increase the project's overall cost, which is now expected to exceed $7 billion. Many remain skeptical that this massive task can be pulled off in just nine months. But whenever it does happen, it will be great news for Brazilians, many of whom live in remote areas with shoddy internet access.
More from GZERO Media
Author and tech analyst Dan Wang joins Ian Bremmer on the GZERO World Podcast to talk about the similarities between the US and China, and what Washington can learn from Beijing’s race to build the future.
On Ian Explains, Ian Bremmer breaks down how the US and China are both betting their futures on massive infrastructure booms, with China building cities and railways while America builds data centers and grid updates for AI. But are they building too much, too fast?
Former Swedish Prime Minister Carl Bildt asks whether the world is sliding back into the dangerous era of open nuclear weapons testing, and it all started with a misunderstanding by US President Donald Trump.
Hard Numbers: Tesla approves $1 trillion Musk package, Kazakhstan wants to join Abraham Accords, Typhoon rips through Vietnam, & More
$1 trillion: Tesla shareholders approved a $1-trillion pay package for owner Elon Musk, a move that is set to make him the world’s first trillionaire – if the company meets certain targets. The pay will come in the form of stocks.
When it comes to global warming, the hottest ticket in the world right now is for the COP30 conference, which runs for the next week in Brazil. But with world leaders putting climate lower on the agenda, what can the conference achieve?
What We’re Watching: Orbán seeks Russian oil carveout from Trump, Nigerien uranium to pass through risky area, Israel hits southern Lebanon
As the United Nations marks its 80th anniversary, UNCTAD Secretary-General Rebeca Grynspan argues that reform must begin with recognizing how much the world has changed since 1945.
Think you know what's going on around the world? Here's your chance to prove it.
