, opens new tabAguiarnopolis city councilman Elias Junior was recording a video asking authorities to fix problems with the bridge
which he said could no longer handle the heavy trucks passing over it
As he pointed to a large crack on the shoulder of the bridge
Reuters could not immediately independently verify the video
Junior did not immediately respond to a request for comment.Preliminary estimates indicate at least 11 people were involved in the accident with two trucks
which is more than 50 meters (164 feet) deep.By early evening
rescue divers halted their efforts after identifying that one submerged tanker was leaking sulfuric acid
said the fire department from Tocantins.The Juscelino Kubitschek de Oliveira Bridge
was built with reinforced concrete and is part of the BR-226 highway
connecting the federal capital Brasilia to Belem
a northern city set to host the United Nations Climate Change Conference next year.Reporting by Marcela Ayres and Fabricio de Castro; Editing by Lisa Shumaker
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Madeira Water and Waste (ARM) today denied having any responsibility in the case of rubbish abandoned on the verge of Rua António Prócoro Macedo Júnior
has led to complaints from residents in the neighborhood
Residents living next to this pile of rubbish in the photos
“Regarding the pile of ‘rubbish’ on the verge of Rua António Prócoro Macedo Júnior
Águas e Resíduos da Madeira (ARM) clarifies that this situation constitutes a problem of waste being abandoned on public roads
and that its removal is not the responsibility of this company”
can be read in the brief statement sent to the editorial offices this afternoon
ARM also says it regrets “this type of behavior” and appeals to the population “to properly deposit their waste in the public containers located in the vicinity of the site”
referring to the location marked on the following map
explain who is responsible for removing the waste in question
From Diário Notícias
estreito de camara de lobosMadeirarubbish
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three trucks carrying a total of 76 metric tons of sulfuric acid and about 25,000 liters of agricultural pesticides plunged into the river.In a statement on Monday evening
the agency said it was monitoring the risk of contamination together with Maranhao's environmental secretary
and said that water samples would be collected from the Tocantins River.It was not immediately clear if the chemicals were leaking
and if so by how much."Even though we still don't have final analysis results on pollution
the Environment Ministry identified that the water pH was normal," Maranhao state Governor Carlos Brandao told TV channel CNN Brasil on Monday.State and federal authorities have told cities that could be affected by the incident to avoid collecting water from the Tocantins River.Reporting by Mauricio Marinho in Estreito; Bernardo Caram in Brasilia and Rodrigo Viga Gaier in Rio de Janeiro; additional reporting and writing by Andre Romani in Sao Paulo; Editing by Leslie Adler
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killing at least one person and spilling sulfuric acid into the Tocantins River
The incident occurred on the Juscelino Kubitschek de Oliveira Bridge
which links the cities of Estreito in Maranhão state and Aguiarnópolis in Tocantins state
The 533-meter (0.3-mile) bridge’s central span gave way in the afternoon while several vehicles
According to officials from the National Department of Transport Infrastructure
the tanker carrying sulfuric acid plunged into the river following the collapse
The fire department confirmed one fatality
Preliminary reports indicated that at least 11 people were involved in the incident
Aguiarnópolis city councilman Elias Junior was recording a video calling for repairs to the bridge
which he believed could no longer handle the weight of heavy trucks
As he pointed out a large crack on the bridge
The video has not been independently verified
and Junior did not immediately respond to requests for comment
Rescue operations were temporarily halted by early evening when divers identified that one of the submerged tankers was leaking sulfuric acid
is part of the BR-226 highway and connects Brasília
a northern city set to host the United Nations Climate Change Conference next year
The collapse has raised serious concerns about the safety of the structure
with authorities investigating the cause of the collapse and assessing the environmental impact of the sulfuric acid spill
Male celebrities like Dhoni and Aaryan are changing the perception of men’s jewellery as a personal fashion statement
Platinum Guild International and Senco Gold & Diamonds are partnering with these icons to promote their collections
while Kalyan Jewellers and Malabar Gold & Diamonds have male brand ambassadors for their cross-generational appeal
This is the seventh in a series by journalist Anna Sophie Gross who traveled to the Brazilian states of Tocantins and Maranhão in Legal Amazonia for Mongabay to assess the impacts of agribusiness on the region’s environment and people
sits on the border between Maranhão and Tocantins state
and it is steeped in a history of conflict
a consortium of mining and energy companies
and local eucalyptus plantations for more than a decade to keep the rights to a parcel of land that they can till and live upon
Formosa had roughly four good years in which to cultivate crops
put down roots and weave together a strong community fabric based upon friendship and mutual dependency
the Formosa families were suddenly confronted with an existential threat to their homes and livelihoods
Despite great protest from people in the region and environmental activists
the Estreito hydroelectric dam was built on the Tocantins River
just 40 kilometers (25 miles) downstream from Formosa
Some speculate that the dam was built primarily to provide electricity to mining operations
though officially the energy is distributed to the national grid
its reservoir filled and flooded half of Formosa’s titled territory
thirty of the families were relocated by the consortium of mining companies that constructed the dam and profit from it to this day
Those whose homes were not directly flooded
but we also lost access to water [and] to the areas we used to plant crops and to the river beach,” explained Maria Helena de Souza
Formosa’s river beach had been a popular destination for local people who gathered there to swim and lounge on sunny days
That afforded the community with a business opportunity
selling fruit and snacks to the beachgoers
Local women would also pluck nuts from babaçu trees near the river shore and make oil
The beach and all the babaçu were drowned by the dam’s reservoir
The relocated were taken to new homes 150 kilometers (93 miles) away
Those that remained in Formosa were promised the same amenities that their departed friends had received – clean drinking water
But it has been a decade since the dam became operational; nothing has materialized
The initial reparations agreement was made between the community and the Consortium of Hydroelectric Energy in Estreito (CESTE) – the coalition of energy companies that built the dam – and the federal National Institute of Colonization and Agrarian Reform (INCRA)
or the services they promised they would provide,” said de Souza
She pointed to a water pump that it took CESTE 5 years to install but which has never functioned
“They had the nerve to try to host an inauguration ceremony for the pump
but we wouldn’t let them celebrate something that doesn’t work,” she said
and since then no one has come to repair the broken pump
The reason for the stalemate comes in the form of a disagreement over whose responsibility it is to provide Formosa with its guaranteed reparations
flatly denies INCRA’s accountability: “It is CESTE’s responsibility to supply all of these things,” he said
“It’s not our responsibility to make CESTE hold up their end of the agreement.”
stating that it did not have any responsibility for the promises made within the agreement
“We note that the implementation of the UHE ESTREITO [dam] occurred with absolute dialogue and respect for the community and government institutions,” CESTE representatives said
it seems likely that both government and consortium share in the responsibility
such as with Belo Monte on the Xingu River
it is the dam building consortium that is accountable for paying reparations
while it is the government’s responsibility under the law to make sure that happens
mostly in silence and so far without legal recourse
The dam’s reservoir is just one of Formosa’s survival worries. Large eucalyptus plantations, “green deserts” devoid of biodiversity
And there is no shortage of entrepreneurial representatives looking to buy up the settlement’s remaining land along the river to gain access to irrigation water
Many residents have received low purchase offers from agribusiness – tempting nonetheless for those whose subsistence livelihoods and sources of income have been deeply curtailed by the dam
which means more and more people are thinking of selling out and moving on,” said de Souza
The village leader still dreams of a future where Formosa will regain its vibrancy and culture
She hopes that the community will someday be able to build a school to provide its young people with education and hope
She also yearns for a working water pump so residents no longer need to drink polluted river water
Anyone crossing the President Juscelino Kubistchek bridge over the Tocantins River six years ago would have seen a much more pastoral scene
Where once there was forest and a few scattered homes
now stands one of the biggest hydroelectric complexes in Brazil
But the construction of the Estreito dam didn’t only change the look of the countryside
It also changed the character of the nearby city of Estreito
a concert hall and other amenities sprang up to meet the demands of newly arrived construction workers
It had all begun with a lengthy federal bidding process
Vale and Alcoa – two of the world’s mining giants – were awarded the lucrative hydroelectric project
The companies organized the CESTE consortium
which planned and constructed the Estreito Dam
and which operates and profits from it today
Some commentators have identified troubling aspects to the construction on this
high-impact energy project of its kind in Maranhão state
writes that the building process “was marked by the [consortium’s] rush to finish the work and obtain return on investment.” She adds that this haste resulted in “extreme government influence being used to expedite the work and put pressure on licensing bodies to issue licenses.” All consortiums awarded large federal infrastructure construction projects are compelled under the law to conduct socio-environmental impact assessments
which require the full participation and input of potentially impacted communities
de Lima says that CESTE’s negotiation meetings were barely participatory
the consortium cherry-picked supportive representatives from each group of impacted parties
rather than allowing the groups to self-select their own representatives
She concludes that final “decisions reached the affected communities without [residents] having the opportunity to make any significant changes.”
According to another qualitative study conducted in 2012 by Amarildo Silva Araujo
local communities endured a wide range of negative impacts caused by the dam – among them
the death and displacement of thousands of animals
The study author writes that all of his interviewees felt they were “significantly impacted by the establishment of the Estreito Hydroelectric Power Plant
and point out that none of the impacts were properly monitored by those in charge of construction.”
Silva Araujo concludes that the environmental impact assessment carried out ahead of construction failed to adequately anticipate the social and environmental harm that the dam would cause
and that there were serious failures on CESTE’s part to uphold reparations commitments made to river-dwelling populations
celebrating its positive impact in Maranhão
the company said that the consortium invested more than $75 million reals (US $20 million) in projects to improve social and health infrastructure in the region
and that 90 percent of its dealings with homeowners who were impacted by the dam were “conducted in a friendly manner.”
The consortium also claims that the construction of the dam generated 10,000 jobs
CESTE does admit that now that the dam is operational
the hydroelectric project employs just 300 personnel
A series of huge hydroelectric dams have already been built along the Parnaiba
and Estreito rivers in Maranhão – the Brazilian state with the second lowest GDP in the nation
Plans for six new dams on the Tocantins River
means that Maranhão is poised to become among the highest energy producing states in all of Brazil
almost ten times the amount the state currently uses
Maranhão presently consumes just 1.5 million megawatts
including that generated by the Estreito dam
almost two thirds of that amount is utilized by a single corporate enterprise – the Alumar Consortium
which refines and sells aluminum and is made up of three major transnational mining companies
It’s important to note that Alcoa is also one of the main companies in the CESTE consortium
The mining and processing of aluminum requires a tremendous amount of energy
so the proposed new dams seem intended to serve a potential massive increase in bauxite mining and aluminum processing
“There are studies which show that dams have been constructed to produce energy specifically for certain major industries,” said Dernival Ramos Junior
Society and Territory at the Federal University of Tocantins
He explained that the popular view that mega-dams bring economic development to the nation and benefits to the general population is a potent one with the Brazilian populace
but that it is “simply untrue.” He adds that
“The option to construct dams is political
and is very tied to the interests of big corporations.”
the Estreito dam has “the capacity to supply energy to a city with four million inhabitants” which “represents more energy and development for Brazil and the region where the plant is located.”
with Maranhão shooting for a ten million megawatt surplus of hydroelectric energy over what the state consumes
it is clear that much will be exported to other states
most of them richer and unperturbed by the social and environmental impacts that these mega-projects cause to rural populations in the Cerrado
It’s also clear that much of the exported electricity would likely benefit transnational mining companies like Alcoa
or giant Brazilian mining companies like Vale
The value of these big dams to the general public is less clear
Brazil is a land famous for its great rivers
with eight percent of the world’s freshwater found there
industry and agribusiness to want to harness this cheap and abundant source of energy
Brazil’s first dam was built in 1889 in Minas Gerais state
though the sudden proliferation of Brazilian hydroelectric dams can be traced to the policies of President Juscelino Kubitschek (1956-61)
a proponent of post-World War II industrialization
An explosion in mega-dam construction arrived in recent years, also resulting in a significant socio-environmental backlash, which even halted construction in a few ultra-controversial cases, including the defeat – at least for now – of the 8,000 MW São Luiz do Tapajós dam on the Tapajós River in the Amazon basin in 2016
There have even been whisperings of an end to the contentious mega-dam construction craze, with a shift to medium and small dams (though even these can be dangerously ecologically disruptive)
and to renewable sources of energy such as wind and solar
Fearnside notes that Chinese state-owned companies have been buying up Brazilian dams and transmission lines
and are negotiating for the purchase of others
Chinese investment banks and construction companies are also active in promoting major Brazilian transportation infrastructure projects
including new industrial waterways that would require dams
that could soon bring Brazilian commodities more easily and cheaply to Asia
There are also a host of pending legislative proposals in Congress that could massively weaken environmental licensing
making dam construction significantly easier and cheaper in the future
Among the troubling bills now in the legislature is PLS 654/2015 which calls for the creation of a fast-tracked environmental license
which would take just eight months to obtain
for infrastructure projects of “strategic importance” to the government
The strategic importance label is sufficiently vague to be slapped on a host of projects
would prohibit the suspension or cancellation of infrastructure projects once they have already begun
and also restrict the power of oversight bodies
such as the Public Prosecutor’s Office and even the judiciary
and resuming analyses for proposed Amazon hydropower dams with large reservoirs
but feels neither are sufficient to “keep the economy growing.”
Fearnside is categorical about what he thinks needs to happen next
“Dam construction should be stopped and priority given to using less electricity,” he said
Then it is time for Brazil to shift its focus to wind and solar power
That’s a move that the residents of Formosa – feeling cheated out of hydropower’s promise – would almost surely applaud
Mongabay contributor Anna Sophie Gross was accompanied on her trip by Thomas Bauer
a photographer and filmmaker who has been documenting and supporting communities in the Cerrado and Amazon for over 20 years
He produced nearly all of the photos and videos for this series
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The “fortress conservation” model is under pressure in East Africa
as protected areas become battlegrounds over history
and global efforts to halt biodiversity loss
Mongabay’s Special Issue goes beyond the region’s world-renowned safaris to examine how rural communities and governments are reckoning with conservation’s colonial origins
and trying to forge a path forward […]
The Estreito de Câmara de Lobos hosts another Harvest Festival today
an annual celebration that has stood out as one of the most attractive regional events for tourism in the Region and has attracted a large number of visitors to the charming village of Câmara de Lobos
The ‘Festa das Vindimas’ is an event that celebrates the rich heritage of winemaking in the Region
highlighting the reputation and prestige of the parish and the wines produced there
as well as honouring all those who dedicate their time and effort to producing these treasures
This event is a passionate celebration that attracts visitors from all over to enjoy the culture
the exceptional wines of Estreito de Câmara de Lobos
which had its historic debut in September 1963
visitors have the opportunity to enjoy a wide range of entertainment
including live music performed by musical groups
gastronomic and ethnographic activities are held
at 10 am with the show ‘Vintage Live’
with the presence of the President of the Regional Government
and also the President of the Municipality
the ethnographic procession will take place
which will go through the main streets of the town and will culminate with the treading and repressing of the grapes
the morning will end with the wine competition ‘Who is the fastest?’
the party starts again at 6 pm with the XVII Harvest Grand Prix
with the entertainment continuing until 3 am with musical performances by Emanuel Gonçalves
From Diário Notícias
Estreito da CalhetaMadeirawine festival
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known as the birthplace of Cristiano RONALDO
had already recognized its most famous footballer by naming its airport after him—Cristiano Ronaldo International Airport
the island extends this tradition of honoring its sports icons by naming a new sports venue after Marcos FREITAS
one of the greatest Portuguese table tennis players
This parallel between Cristiano RONALDO and Marcos FREITAS highlights how Madeira continues to celebrate its most accomplished athletes
acknowledging their impact on the international stage and inspiring future generations
This initiative reinforces Madeira’s reputation as a land of champions
recognizing those who have brought pride to the region through their outstanding achievements
The new Gimnodesportivo Sports Hall in Estreito de Câmara de Lobos has been named after Marcos FREITAS
the Portuguese star who was born there and started his career representing the local club
The inauguration ceremony took place this Saturday and was attended by prominent figures from the sports and political scene
including the President of the Portuguese Table Tennis Federation
the President of the Regional Government of Madeira
the Interim President of Câmara de Lobos Municipality
Marcos FREITAS expressed his gratitude for this tribute
This truly is the recognition of a long career and the great achievements I have accomplished.”
GD Estreito President Sónia SILVA emphasized the significance of opening this facility in a parish “where athletes are king,” expressing confidence that the sports hall will contribute to the development of new talents
interim president of Câmara de Lobos Municipality
described the tribute as “well-deserved recognition for Marcos FREITAS
an ambassador of our region who has carried the name of Câmara de Lobos beyond borders.”
Marcos FREITAS gifted Miguel ALBUQUERQUE a signed jersey and a table tennis racket
while he himself received a token of appreciation from the Portuguese Table Tennis Federation
Marcos has collected multiple medals in the European Games
solidifying his place among the sport’s elite
Marcos FREITAS won a gold medal in the team event in Baku in 2015
He later secured a silver medal in the singles event in Kraków-Małopolska in 2023 and a bronze medal in the team competition in Minsk in 2019
he became a gold medalist in doubles in Gdansk-Sopot in 2011 and later added another gold in the team event in Lisbon in 2014
He earned silver medals in the singles event in Ekaterinburg in 2015 and in the team event in Luxembourg in 2017 and Nantes in 2019
His career also includes multiple bronze medals: in doubles in Saint Petersburg in 2008
FREITAS was also junior and cadet champion at the European Youth Championships in singles and reached the seventh position at the World Rankings in 2015
In the prestigious Europe Top-16 tournament
he claimed the gold medal in singles in Lausanne in 2014
He also won silver medals in singles in Baku in 2015 and Thessaloniki in 2021
as well as a bronze medal in Montreux in 2024
The European Table Tennis Union (ETTU) is the governing body of the sport of table tennis in Europe
and is the only authority recognized for this purpose by the International Table Tennis Federation
The ETTU deals with all matters relating to table tennis at a European level
including the development and promotion of the sport in the territories controlled by its 58 member associations
and the organization of continental table tennis competitions
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Coastal and Shelf ScienceCitation Excerpt :cylindracea) throughout the Mediterranean coasts
and of the brown alga Sargassum muticum throughout the Atlantic coasts
have been especially severe (Klein and Velarque
a new episode of macroalgal invasion is taking place in the southwestern European coasts
where the brown alga Rugulopteryx okamurae is dramatically spreading (Navarro-Barranco et al.
okamurae is widely distributed in the northwestern Pacific ocean
All content on this site: Copyright © 2025 Elsevier B.V.
The parish of Estreito de Câmara de Lobos has yet another attraction
Entitled ‘Architects of Equilibrium’
the mural created by Berlin-based artist Denis Dendy is a call to action for a more sustainable future
which according to information released by the Câmara de Lobos city council symbolizes resilience and the interconnectedness of life
is composed of a sculpture of a woman holding a sphere
is an invitation to create more harmonious spaces that inspire a better future
This mural is part of an urban art project that has long prevailed in the city of Câmara de Lobos
with the support of the Regional Secretariat for Economy
curated by ZIDART – Street Art Festival and organized by Teatro Metaphora
estreito de camara de lobosmural
Do you know if there is an ‘art trail’ in Camara de Lobos
Well will be another tourist attraction for supposed pretender hikers go and leave the levadas and the mountains alone 😁😂
The Judicial Police (PJ) is investigating the circumstances surrounding the death of a 5-year-old boy
According to information gathered by DIÁRIO
the authorities consider that there are some suspicions
The PJ is now on the ground investigating the situation to determine the circumstances of the death and confirm whether there is indeed evidence of a crime or whether it was all just an accident
The authorities are still awaiting the results of the autopsy to clarify the cause of death
everything happened at around 9pm yesterday
When the Câmara de Lobos Volunteer Firefighters arrived at the scene
the child was found to be lying lifeless on the ground
The firefighters immediately began resuscitation manoeuvres
which continued until a team from the Rapid Intervention Medical Team (EMIR) arrived
EMIR professionals took over the resuscitation attempts
the team doctor ordered the maneuvers to be suspended and the child was taken to the hospital
DIÁRIO also knows that a family member of the child is currently being treated at the Câmara de Lobos Health Centre
after feeling unwell following the tragic event
From Diário Notícias
5 year old boydiesinvestigation
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A fire broke out late Sunday afternoon near the Continente supermarket in Calvário
The column of smoke caused by the flames is visible from a long distance away
but there is still no information about the origin of the fire
DIÁRIO sought to obtain information from the Câmara de Lobos Fire Department
which declined to provide it for “data protection” reasons
From Diário Notícias
Estreito Câmara de LobosFireMadeira
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dozens of people kicked off the main day of the Harvest Festival this morning
with the emblematic moment of grape picking
which precedes the ethnographic procession
many Madeirans and tourists were waiting for the opening of this farm
painted in the purple and green colors of the harvest
the sounds of the folkloric group from Boa Nova were already being heard
which ensured the animation at the door (and later inside) of this farm
gathering a crowd that followed the moment with applause and smiles
wicker basket and pruner in hand and under the shade of the harvest
children and adults are committed to picking this fruit
which is the main protagonist of this festivity
This is followed by the ethnographic procession
scouts and cultural and musical animation groups participate
where about 50% of the grape that gives rise to Madeira Wine is produced
As part of the cultural program of the Festa do Vinho
which has been celebrated all over the island
this festivity is organized by the Parish Council of Estreito de Câmara de Lobos and the Associação Cultural e Recreativa do Estreito
of Câmara de Lobos and the Regional Government
Estreito Câmara de Lobosgrape harvest
Brings back old memories of my childhood in Madeira
when we picked grapes from my Avo (grand dad) farm
after collecting the grapes to the nearest place to be squashed down
we children would be first in line to get our feet on the grapes to bring good luck for a new wine for the farmers to celebrate a good harvest
I have done the grape crushing myself at a friend’s
The same it is like going in memory land when I was a child piking up the grapes in the farm of my grand mother in Santa Cruz land that was gone to the expansion of the airport
which took place on Viaexpresso in Estreito de Câmara de Lobos
On site were the Madeiran Volunteer Firefighters
The PSP took care of the incident and controlled the traffic
The situation generated a large apparatus in the place
From Diário Notícias
Photos below From Jornal Madeira
1deadaccidentCamara de LobosExpressway
One can only imagine at what speed they were going for that mini van to turn on its side
Not like the old days where the cars would end up at the bottom of the ravine under pontes
By my house every summer in the late 70s mid early 80s when I lived there
we would have at least 4 car accidents there with 6/ 8 people dead it was just awful 😞
I would hear people screaming going down that deep ponte
after a while I was scare to walk by that place in the evenings
… “Awful Drivers in Madeira” ??
Considering the Twists and Turns and Narrowness of many of the Roads here I consider the Majority to be Excellent Drivers !!
were Drink Drivers” (comment) what a lovely assumption !!
It was a hired car that was not maintained
Living and driving here I totally echo your comments Leo
I have driven in many countries and here I rate as one if the worst
The road death in Madeira is not that bad compared to UK considering its “awful roads and drivers”… About 1900 people die every year in UK road accidents and 9 die in Madeira
It is about the same proportion as population hence the road death rates are about the same
However it should be noted that due to orography roads in Madeira are generally more proeminent to cause accidents
It is a solution that the Fontes do Horácio restaurant found to overcome the lack of labor in the restaurant market
this space located in the parish of Estreito da Calheta will have a new ’employee’
The third equipment of its kind in the Region
Bella is a robot that does almost everything a waiter does
so don’t be surprised if the machine comes to your table with your order
The businessman reveals that despite having been thinking about such an innovative and practical service for a long time
the scarcity of human resources in the Region forced him to speed up the project that was recently presented to him
we are in a complicated phase and we have been looking for people to work and there are none on the market”
he laments the low availability of people who want to work in the sector
he explains that this was the way to minimize constraints in his restaurant
although he emphasizes that the robot will never replace human relationships
“Bella did not come to replace the waiters or direct contact with the customer
Its function is to transport dishes between the kitchen and restaurant
Our purpose is to reduce burden and cut the kilometers traveled monthly by our employees
giving them more time and a willingness to interact and serve our customers,” he adds
Fontes do Horácio restaurantRobot waitress
You can contact me at madeiraislandnews@gmail.com
You’ve come to the right place. Big demand for painters on the island at the moment 🙂
If only a plumber or a electrician…🤨
Blimey, is it April 1st already, we avoid self serve checkouts in supermarkets so as to keep people employed, this might have the same impact albeit eventually?
Good for Bella…Can she take orders as well?…Yes, very difficult to get anyone to do any kind of work these days, particularly cleaning. Can’t blame the younger people because these type of jobs are, generally, just once a week arrangement and, obviously, most people want full time work.
So it’s not a waiter. It’s a server.
the largest in China's corporate history
ending a 14-month government investigation into anti-competitive practices.The deal - the details of which were first reported by Reuters on Monday - also requires Qualcomm to lower its royalty rates on patents used in China
likely helping local smartphone makers such as Xiaomi Technology Co Ltd [XTC.UL] and Huawei Technologies Co Ltd [HWT.UL].Qualcomm said the agreement removes a major source of concern for its investors
sending shares of the San Diego-based chipmaker up 2.8 percent to $69 in after-hours trading.China's expanding high-speed 4G network is driving demand for smartphones with leading-edge technology
but Qualcomm's opportunities have been clouded by the antitrust probe
which has also contributed to problems in collecting royalty payments from device makers.Qualcomm said in a statement on Monday it would not contest the National Development and Reform Commission's (NDRC) finding that it violated an antitrust law.Asked whether the resolution in China could affect the outcome of ongoing antitrust probes into Qualcomm in Europe and the United States
but we don't believe it's likely that other agencies will necessarily meet similar conclusions."The U.S
putting the cost of the fine at about 58 cents per share
but it raised the lower end of its revenue forecast slightly."It removes a significant source of uncertainly from our business and positions our licensing group to really participate in the full growth of the wireless market in China," CEO Steve Mollenkopf said in a phone interview
"It's something we're happy is over."FINE COULD HAVE BEEN HIGHERDiscussions in Beijing over one of the most contentious cases under China's 2008 anti-monopoly law had intensified in recent weeks
culminating in meetings between Qualcomm senior executives and the NDRC on Friday.Xu Kunlin
head of the NDRC's anti-monopoly bureau
said the $975 million fine - equal to 8 percent of Qualcomm's 2013 sales in China - was less than the 10 percent of sales maximum allowed under Chinese law because Qualcomm fully cooperated with investigators."Issuing the fine was not our primary purpose," Xu told reporters on Tuesday
according to a Sina.com live-blog of his remarks
Qualcomm's practices had stifled innovation."Under the terms of the agreement
Qualcomm will offer licenses to its current 3G and 4G essential Chinese patents
For companies opting for the new agreement
which applies to phones sold for use in China
Qualcomm will calculate royalties based on 65 percent of the phone's selling price
instead of on the whole price.Some on Wall Street have speculated that even limited concessions made to Qualcomm's licensing business in China could affect the technology company's licensing deals elsewhere."That's the first time I've ever seen them in writing agree to that and it begs the question of why 65 percent is the right number in China and it's not the right number everywhere," said Bernstein analyst Stacy Rasgon.As a result of the fine
Qualcomm said it now expects full-year earnings per share of $3.56-$3.76 for fiscal 2015
compared with a prior forecast of $4.04-$4.34
It raised its fiscal 2015 revenue forecast to $26.3-$28 billion
slightly raising the lower end of its previous forecast of $26-$28 billion.Excluding the cost of the fine and other one-time items
Qualcomm forecast earnings of $4.85-$5.05 per share
raising the lower end of its previous forecast of $4.75-$5.05
according to Thomson Reuters I/B/E/S.Qualcomm is one of several overseas companies
to come under investigation in China for allegedly anti-competitive practises.Additional reporting by Bill Rigby in Seattle and Gerry Shih in Beijing; Editing by Lisa Shumaker and Ian Geoghegan