White & Case advised ALTÁN Redes S.A.P.I. de C.V.
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.
White & Case advised Altán Redes on the negotiation of the agreement with Axtel and Megacable to design, develop and operate the newtork with a team including Iker Arriola, Raúl Fernández-Briseño and Carlos Mainero Ruíz.
Law Firms: White & Case;
Clients: ALTÁN Redes S.A.P.I. de C.V.;