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Mexican Networks Drop Legal Action Over 2010 Radio Spectrum Auction

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After a legal of legal fights, two Mexican mobile networks, Nextel and Isusacell have agreed to drop their dispute over the 2010 radio spectrum auction.

Iusacell had argued that the spectrum cap applied to the networks gave Nextel an unfair advantage in the auction as it was able to buy more spectrum than its rivals and the lack of competition for the later blocks meant it paid less for that spectrum.

Nextel de Mexico said in a statement it had reached an agreement with Grupo Iusacell to end the litigation.

Nextel had planned to build a 3G network in partnership with Mexican TV broadcaster, Grupo Televisa, but that deal feel through. Shortly afterwards, the TV company bought a 50% stake in Grupo Iusacell for USD1.6 billion.

Nextel Mexico is owned by Nii Holdings and is not related to Sprint Nextel.

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Tags: grupo iusacell  nii holdings  Mexico