Inverca makes highest bid for rural WiMAX network contract

16 Mar 2009

Inverca Telecom, a Chilean company associated with Malaysian WiMAX network operator Packet One (P1), has presented the best offer for a multi-million dollar deal to provide wireless broadband services to rural Chile, writes BNamericas citing Inverca’s CEO Enrique Kaftanski. Inverca asked for zero government subsidies for the project, which is estimated to require an investment of USD117 million, while the other three bidders – Telefonica Chile, Entel, and Comunicacion y Telefonia Rural (CTR) – asked for subsidies, the executive said. An official declaration of the winner will be announced today.