Brazil's Telebras is off the market

4/6/2023 - Written By Caleb Henry

Brazilian media is reporting that President Lula da Silva reversed the previous administration's efforts to privatize certain state-owned businesses, including Telebras, the telecommunications company that also operates the SGDC-1 satellite. His remark that "foreign capital is welcome in Brazil to make new investments and start new businesses, but not to buy our companies" appears mainly aimed at China, but still makes clear globally that Brazil, under his leadership, won't be part of the satcom industry's recent consolidation phase.

SOURCE: https://twitter.com/BrianMteleSUR/status/1645115166592212994