"Our MOU with Telebras is not only a partnership but also a shared commitment to empowering underserved regions of Brazil," he said in a speech. "By combining Telebras's expertise with SpaceSail's cutting edge solution, we aim to support Brazil's national initiative with our broadband services and digital industrial solutions and drive access to essential services like education, public health, government."
Chinese investments in Brazil are moving from announcement to fruition. BYD's most extensive electric-vehicle operation outside of Asia and a local partnership with Chinese smartphone maker Oppo are just two such ventures.
SpaceSail will begin providing internet in Brazil in two years' time and will open a subsidiary in the country by the end of this year.
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