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)