Telecom, internet and digital infrastructure: where the public money is

FUST - universalization sectoral fund

• FUST BNDES - Standardized Projects: financing from R$ 10 million for investments in expanding and/or improving the quality of telecommunications networks and services, with differentiated conditions for selected public schools, health units, favelas and rural areas.
• FUST BNDES - Data Center and Network Core: financing from R$ 10 million for investments in the construction, expansion and modernization of data centers and network cores.
• FUST BNDES - Commercialization: credit limit from R$ 10 million to finance the sale of machinery and equipment, aiming to promote the expansion, use and quality improvement of telecommunications networks and services and to strengthen local technology suppliers.
• BNDES FUST Automático - FUST Connectivity Credit: finances, with standalone working-capital credit, micro, small and medium-sized Telecommunications Service Providers (PSTs) that have recently invested in access expansion.
• BNDES FUST Automático - FUST Equipment: finances the acquisition of telecommunications equipment by telecom service provider companies, aiming at expanding connectivity services and strengthening local technology suppliers.

Funttel - technological development sectoral fund

• Funttel BNDES - Direct Innovation Credit: financing from R$ 10 million for investments by the Brazilian telecommunications industry.
• BNDES Finame Funttel Program: financing for the acquisition of telecommunications equipment produced and developed in Brazil, aiming to strengthen local technology suppliers and support the modernization and expansion of telecommunications networks in the country.

BNDES credit for digital infrastructure

• BNDES Finem - Telecommunications: financing for broadband universalization and for the expansion and modernization of telecommunications infrastructure.
• BNDES Finem - Information Technology: financing for business plans of software and IT services companies (including data centers, contact centers and ITES-BPO).
• Other applicable lines are in the full BNDES Navigator sweep (page in Portuguese).

ICT and semiconductor tax incentives

• Lei de Informática (Informatics Law): tax incentives for qualified ICT companies investing in R&D, under the regime's rules (Law No. 13,969/2019);
• PADIS: incentives for semiconductors, displays and panels - see the PADIS page (in Portuguese);
• Brasil Semicon: the national semiconductor-ecosystem program - see the page (in Portuguese);
• Finep and FNDCT: sector research and innovation, under their own modalities.

Who usually qualifies

• Internet providers and fiber-optic companies;
• Manufacturers of telecommunications equipment and antennas;
• Data centers, 5G network companies and data-transmission equipment;
• Telecommunications software development.

Sources

BNDES Financing Navigator (FUST and Funttel lines operated by BNDES); Law No. 13,969/2019 (Planalto) - all checked on February 11, 2026. Final conditions depend on each instrument's rules.