Altán Redes shall support reconstruction works with a donation of One million USD
5 June, 2018
Mexico City, September 21, 2017.- Altán Redes, company responsible for the development of Red Compartida project, announces the donation of 1 million USD to support reconstruction works in the affected areas by the earthquakes on September 7 and 19 in Oaxaca, Chiapas, Mexico City, Morelos, Puebla, Guerrero, and the State of Mexico.
Altán Redes shows its solidarity to the Mexican people and victims.
About Altán Redes
Altán Redes, S.A.P.I. of C.V., is a Mexican company formed by the multinational consortium winner of the international bid for Red Compartida. Among its investors, it has some of the world’s most important infrastructure investment funds such as Morgan Stanley Infrastructure, the multinational corporation International Finance Corporation (IFC), China-Mexico Fund (managed by IFC), Canadian pension fund CDPQ and the Mexican Afores grouped under the CKD IM and FFLatam; as well as with Mexican partners and industrial and institutional groups of great prestige such as Axtel, Megacable, Hansam; and Grupo Multitel, which is the strategic partner. Altán is prepared to comply with all its commitments, carry out the complete deployment of Red Compartida and operate it according to the established parameters.
About Red Compartida
Red Compartida is one of the most important telecommunications projects of recent years in Mexico. Red Compartida is a modern wholesale, neutral and non-discriminatory mobile broadband network in the 700 MHz band, which will increase the coverage of the most advanced 4G-LTE telecommunications services to at least 92.2% of the Mexican population. Its implementation is through a Public-Private Partnership signed between Altán Redes and the Promoting Agency for Telecommunications Investment (Promtel), which is part of the SCT. The project is totally self-financed privately.