BNDES Approves R$72.9M to Expand 4G/5G Coverage in Brazilian Favelas

Brazil's development bank approved R$72.9 million in financing for Highline to install 120 towers and equipment, bringing 4G/5G to 131 underserved locations, including 13 favelas, across eight states. The funds come from the Fust universalization fund, marking a targeted push to close the digital divide. This is a routine infrastructure investment with limited market impact.