State owned China Telecommunications Corporation (also known as China Telecom Group), is studying a possible investment in Mexico, a company spokesman has confirmed to Reuters, following inaccurate reports suggesting that China Telecom Corporation Limited (China Telecom), its 70.89% subsidiary, was weighing up its participation in the Mexican government’s planned USD10 billion open access mobile broadband network. With up to several billion dollars of financing already secured from Chinese state-controlled banks, the parent company is said to be conducting a ‘preliminary study on an investment opportunity in Mexico’. Further, the Chinese firm is looking for Mexican partners to work alongside it.
As previously reported by TeleGeography’s CommsUpdate, in October 2014 Mexico’s Secretario de Comunicaciones y Transportes (SCT) and Instituto Federal de Telecomunicaciones (Ifetel) signed a series of framework agreements which will allow the country’s planned open-access 700MHz network to launch in 2018. In September the authorities received their first bid to build the state-owned mobile network, from a mystery consortium assisted by vendor duo Alcatel-Lucent and Ericsson.