MVS consortium to invest USD 1 bln in Mexico 4G network

Thursday 7 April 2011 | 08:58 CET | News
Mexican operator MVS Comunicaciones has set up a consortium with Intel, Clearwire, and Alestra, the company which offers AT&T telecommunications services in Mexico. The consortium plans to invest around USD 1 billion to develop a 4G network in Mexico. The consortium still needs approval from Mexico's Finance Ministry and telecoms regulator Cofetel. The initial investment in the project would reach USD 400 million and the consortium plans to sell the access to the LTE backbone to third parties. Companies like broadcaster Televisa, TV Azteca, America Movil or even department stores and consumer

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Categories: Mobile & Wireless
Companies: Alestra Movil / America Movil / Clearwire / Intel / MVS Comunicaciones
Countries: Mexico
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