Three Firms Buy Additional Radio Spectrum in Mexico
Published on: 19th Jul 2010
Note -- this news article is more than a year old.
Mexico's three smaller mobile networks have bid MXN 2.98 billion (USD230 million) for a share of 30Mhz of additional radio spectrum, the telecoms regulator, Coftel has announced.
According to a table supplied by the regulator, Telefonica bid MXN 2.86 billion for 14 blocks of 10MHz in the 1850MHz-1990MHz frequency band. A consortium formed by Grupo Televisa and Nextel bid MXN48.3 million for a single 10Mhz block, while Iusacell - though a subsidiary - won nine 10Mhz blocks for MXN 65.4 million.
Grupo Televisa has agreed to invest $1.44 billion in cash for an initial 30% equity stake in NII's Mexican subsidiary to jointly fund the 3G spectrum purchases and network build. The investment was contingent upon the consortium (Nextel Mexico and Grupo Televisa) winning rights to use specified amounts of spectrum in the auction.
The country's dominant mobile network, Telcel was not awarded any radio spectrum in the auction, although it had qualified for the bidding process.
The regulator is also holding second auction for radio spectrum in the 1710MHz-2170MHz bands.