Altan, PROMTEL sign Red Compartida 700MHz contract

27 Jan 2017

Mexican consortium Altan has reportedly signed a contract with the government’s newly created Agency for the Promotion of Investment In Telecommunications (Organismo Promotor de Inversiones en Telecomunicaciones, PROMTEL), formalising its involvement with the country’s ‘Red Compartida’ 700MHz wholesale network. Previously, the Federal Telecommunications Institute (Instituto Federal de Telecomunicaciones, IFT) green-lit the 20-year deal on 17 January.

As reported by TeleGeography’s CommsUpdate, in November 2016 the Secretariat of Communications and Transport (Secretario de Comunicaciones y Transportes, SCT), selected Altan – a consortium including Axtel, Megacable, the International Finance Corporation (IFC) and Dutch and Chinese investors – as the winner of the wholesale network tender. Altan was left as the only eligible bidder after its sole competitor, New York-based Rivada Networks, was disqualified earlier this month for failing to meet the necessary financial obligations to compete.

The wholesale network – which has exclusive access to a 90MHz block of spectrum in the 700MHz band – is scheduled to be operational by 31 March 2018, by which date it must cover at least 30% of the country’s population.