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Nextel Mexico Continues to Deploy 3G Network Across Mexico

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NII Holdings and its subsidiary, Nextel Mexico, announced today that they will continue to execute upon the strategy that calls for the deployment of a 3G network across Mexico with the first phase of the commercial launch of that network expected to occur in the next 12 to 18 months.

The Company also announced, it has mutually agreed with Grupo Televisa. to terminate the agreement that was agreed to earlier this year for them to jointly build a 3G network. NII Holdings and Televisa have agreed to continue to discuss entering into commercial agreements.

No reason was given as to why the two companies decided to end their agreement.

The new 3G network will be supported by the 30 MHz in the AWS spectrum granted to Nextel Mexico on October 1, 2010.

"We are excited to be moving forward with our plans for the deployment of our 3G network in Mexico utilizing the spectrum granted by the Mexican government to Nextel Mexico," said Gokul Hemmady, NII Holdings' Vice President and Chief Financial Officer. "We are in a strong financial position with the funding necessary to carry out our deployment plans in the country and look forward to offering more choice in wireless services to the people of Mexico," he added.

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Tags: televisa  nextel  nii holdings  wireless  3g network  Mexico