October 2, 2010 / 7:14 PM / 7 years ago

Mexico's Televisa, Nextel get wireless license-govt

MEXICO CITY, Oct 2 (Reuters) - Mexico's government has issued a license to Nextel Mexico and partner broadcaster Televisa that will allow them to deploy a wireless phone network in the country, officials said on Saturday.

Officials issued the license on Friday, Communications Minister Juan Molinar told a media conference.

Nextel Mexico and Televisa (TV.N) (TLVACPO.MX), the world's largest Spanish-language content producer, won a chunk of spectrum in a government auction in July but their claim was challenged in the courts by competitors.

Nextel Mexico and Televisa offered about $14 million for the nationwide license, the lowest bid allowed by the auction's rules, causing a stir in the industry. Rivals America Movil (AMXL.MX) (AMX.N) and Telefonica (TEF.MC) paid $400 million for another slice of the spectrum.

Televisa committed to buy 30 percent of Nextel Mexico, a unit of NII Holdings (NIHD.O), for $1.44 billion once the license was granted. They plan to develop a 3G data services network across the country and compete with America Movil and Telefonica. (Reporting by Tomas Sarmiento; Editing by Peter Cooney)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below