Loading…
Loading…
BNDES approved a BRL 117.2 million (~USD 21.7 million) operation for Lightera Latam S.A., based in Curitiba (Paraná), drawn under Funttel BNDES — the Fundo para o Desenvolvimento Tecnológico das Telecomunicações (Telecommunications Technological Development Fund). The financing covers new-product development and upgrades across software, equipment, cables and connectivity, plus acquisition of machinery, tooling, lab and prototyping consumables. Named project lines include high-density fibre-optic cabling and ultra-high-density connectivity for data centres, passive optical network solutions for corporate and residential markets, communications-network management and monitoring systems, and IoT/machine-learning sensing applications.
Lightera is the optical-solutions arm of Japan's Furukawa Electric group, US-headquartered with Lightera Latam S.A. serving Latin America, Europe, the Middle East and Africa; the company supplies telecom, data-centre, 5G/6G, industrial-automation, medical, aerospace and defence customers. BNDES president Aloizio Mercadante's public remarks tie the loan to a stated government priority of strengthening Brazil's telecommunications sector and connectivity R&D capacity.
Global Trade Alert splits this single BNDES operation into two intervention records — a "state loan" (150060) and a "local content incentive" (150061) — both pointing at the same state-act (94911) and underlying loan. This action consolidates both GTA facets into one filing, consistent with how the register has previously merged GTA's dual-classification of a single BNDES credit line (see the Scala Data Centers Máquinas e Serviços filing).
Severity is kept low (1): this is routine, company-specific R&D/capex financing rather than a market-shaping subsidy programme, filed for completeness of Brazil's telecom/digital-infrastructure industrial- policy picture alongside the register's existing run of BNDES loan actions.
(Funttel for telecom R&D, Máquinas e Serviços for data-center capex, Finep for innovation) as the financing arm of Brazil's Nova Indústria Brasil industrial-policy programme.
Brazil for optical-fibre and data-centre connectivity hardware, relevant to tracking non-Chinese fibre-optics supply-chain capacity amid the parallel GECEX antidumping actions against Chinese optical- fibre-cable imports.
infrastructure tranches, but signals continued state appetite for subsidised telecom-equipment R&D financing that Brazilian and foreign-owned suppliers can draw on.
threshold attached to the Funttel disbursement were not disclosed in the press materials found.
Serviços tranches, following the BNDES-Scala two-tranche precedent.