Altán Redes has signed a public-private partnership agreement with Mexican agency, Promtel, that is responsible for the promotion of investment in telecommunications in the country, to build a shared 4G network. Called 'Red Compartida', the shared 4G network is due to start operations on 31 March 2018.
Altán Redes is a consortium that includes Axtel, Megacable, the International Finance Corporation (IFC) and Dutch and a number of Chinese investors. The company, backed by Morgan Stanley Investment Bank and the World Bank, is awarded a 20-year contract to build the network that will cover 92.2% of the country’s population.
The open-access 700MHz wholesale wireless network which represents an estimated investment of more than USD 7.5 billion will be one of the largest telecommunication projects in the history of Mexico.
Altán said that, "The public-private partnership model is considered to be optimal in order to garner state-provided assets, such as radio frequency, but requires a strong additional private investment, which can only be achieved through partnerships in the private sector.
