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Uberlândia is the home city for some of the biggest private companies in Brazil; three out of the top five wholesellers have their main offices there. The city is also home to the oldest independent telecommunications company in Brazil, and to several service companies. Its burgeoning economy has attracted immigrants from other parts of Brazil, with negative effects over its social infrastructure.
On August 17, 1959, the automatic keys at the Uberlandia power station suddenly disconnected power to all four trunks. A technician at a substation 45 miles away immediately telephoned to report that all the keys at his location had been automatically disconnected as a UFO passed overhead, traveling in the direction of the generating station along the lines.