Telecom Italia's Brazil unit to participate in 4G auction

SAO PAULO Thu Aug 28, 2014 4:10pm EDT

SAO PAULO Aug 28 (Reuters) - TIM Participações, Telecom Italia's Brazil unit, said on Thursday that its board of directors had approved plans to participate in an upcoming rights auction for fourth-generation (4G) data services in the South American country.

TIM's participation in the auction is a "clear sign" of the company's long-term commitment to Brazil, it said in a statement. The auction to run the 700 MHz spectrum is scheduled to take place on Sept. 30. (Reporting by Todd Benson; Editing by Chris Reese)

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