Mexican judge declares ALTAN Redes bankrupt

19 Nov 2021

ALTAN Redes, the consortium which operates Mexico’s Red Compartida open access 700MHz network, has confirmed that the Seventh Judge in Civil Matters of Mexico City has declared it bankrupt. The operator says that this will allow it to continue with the restructuring of its financial commitments, adding that the bankruptcy will not impact on its day-to-day operations. The company’s network currently supports more than 4.6 million subscriptions via around 100 MVNOs.

According to TeleGeography’s GlobalComms Database, in November 2016 ALTAN Redes – a consortium including Axtel, Megacable and the International Finance Corporation (IFC) – was selected as the winner of a government tender to establish an open-access 700MHz wholesale network. Red Compartida went live in March 2018 and currently covers 77.793 million people, or 69.25% of the population.

The operator missed its January 2021 target, which was 70%. As per its original licence agreement, the network must cover 85% of the population by January 2022, 88.2% by January 2023 and 92.2% of the population by January 2024.

Mexico, ALTAN Redes (Red Compartida)