(Recasts; adds context with Senate rejecting motions)
BRASILIA Dec 19 Brazil's Senate on Monday
rejected three motions calling for a bill overhauling the
telecommunications industry to be put to a vote by full chamber,
paving the way for President Michel Temer to sign the reform
The bill was poised to become law after passing committees
in both chambers of Congress. However, passage of the bill was
held up late on Friday by a motion blocking the president from
signing it into law.
The telecom reform, which already passed in the lower house
of Congress, is aimed at modernizing a concession-based model
that had created uncertainty about the value of the industry's
Brazilian carriers have said for years that a new regulatory
framework would unlock billions of dollars of investments in an
industry hampered by mandatory spending on old technology.
Earlier in the day, before the motions were defeated,
Communications Minister Gilberto Kassab said that the Senate
might not finally pass the bill until February, after opposition
lawmakers submitted their last-minute objections before the
Senate left for a holiday recess.
(Reporting by Leonardo Goy; Additional reporting by Rodrigo
Viga Gaier in Rio de Janeiro; Writing by Ana Mano; Editing by