ALTÁN Redes will not bid in the auction for the Mexican 2.5 GHz spectrum
5 June, 2018
The Company will focus its resources on the development of the wholesale shared network “Red Compartida” in the 700 MHz spectrum
Mexico City, April 18th, 2018. After the evaluation of the conditions related to the bidding process regarding the 2.5 GHz spectrum offered by the Mexican government, the consortium established by ALTÁN Redes and its shareholders has decided not to participate in the aforementioned tender.
ALTÁN, as of today covering more than 32.2% of the Mexican population, is completely committed to the development of Red Compartida and to provide wireless and fixed broadband to all Mexicans.
ALTÁN will center its efforts to speed up its network deployment and will remain attentive to the opportunities that could arise to complement the spectrum related to the 5G implementation of Red Compartida.
About Altán Redes
ALTÁN Redes, S.A.P.I. de C.V., is a Mexican company formed by the multinational consortium winner of the Red Compartida international competition. Among its investors, it has some of the most important infrastructure investment funds in the world, such as Morgan Stanley Infrastructure, the International Finance Corporation (IFC), the China-Mexico Fund (managed by the IFC), the Canadian pension fund (CDPQ) and the Mexican Afores (pension funds) grouped under the CKD-IM and FFLatam; as well as with Mexican partners and industrial groups, institutions of great prestige such as Axtel, Megacable, Hansam; and Grupo Multitel as the strategic partner, which gives ALTÁN the ability to comply with all its commitments and to carry out the full deployment of Red Compartida by virtue of the stipulated parameters.
About the Red Compartida
Red Compartida is one of Mexico’s most important telecommunications projects in recent years. It is a modern, mobile wholesale broadband network, neutral and of non-discriminatory type, in the 700 MHz band. It will increase the coverage of the most advanced telecommunications services, 4G-LTE to at least 92.2% of the Mexican population. It is implemented through a Public-Private Partnership signed between ALTÁN Redes, the Telecommunications Investment Promoting Body (Promtel) and Telecommunications of Mexico (Telecomm). The project is completely self-financed with private resources from its shareholders, private financing from its suppliers and by the Mexican development banks.
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