WaveCatcher

completed

The Mexican Secretariat of Communications and Transportation (the “SCT”) has conducted an international public tender process for a project, which consists of the design, construction and operation of a nationwide independent broadband wholesale network to service MNOs, MVNOs and mobile services providers for a period of 20 years, extendable for another 20 years. The winning bidder of this tender is granted exclusive rights to exploit 2 x 45 MHz of unencumbered contiguous spectrum in the 700 MHz frequency band for the creation of the network.  (the “Project”).  IFC is participating in the Project as part of Altán SAPI de CV (“Altán” or the “Company”), which submitted its complete bid package to the SCT on October 20th, 2016.  On November 17th, 2016, Altán was awarded the project as a result of the international public tender process.  As a condition of the tender award, Altán has committed to making its network available to at least 92.2% of the population, including areas where services are currently not available, within the first seven years following the signing of the Public-Private-Partnership agreement.