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Wireless

Altan sets up MXN 1 bln trust for shared network rollout

Friday 31 March 2017 | 13:29 CET | News
Altan Redes, the consortium entrusted with building and running Mexico's wholesale 4G shared network (Red Compartida), has created a trust company ("Fideicomiso") as part of the public-private partnership set up in January in relation to the tender. The company will have an initial capital of MXN 1 billion and will hold all the equity and the debt for the roll-out of the project, as well as all related revenues. It will also have a reserve fund linked to the proposed coverage, which will act as a guarantee for the obligations set out in the tender.

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Categories: Mobile & Wireless
Companies: Altan / Nokia
Countries: Mexico
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