WaveCatcher

completed

Altán SAPI de CV (“Altán” or the “company”) submitted the winning bid in an international public tender process launched by Telecomunicaciones de México, an agency of the Government of Mexico, for exclusive rights to exploit 2 x 45 MHz of unencumbered contiguous spectrum in the 700 MHz frequency band for the creation of a nationwide 4G wholesaler open access network for a period of 20 years (the “project”), extendable for another 20 years.  IFC proposes to make an equity investment in Altán of up to $25 million on IFC’s own account, and at the same time, an AMC-managed fund, China Mexico Fund, would make a mobilized equity investment of up to $175 million, for a total investment amount of up to $200 million. IFC’s investment and mobilized investment will help to fund the design, construction, operation and maintenance of the project.  Altán will gain the right to use existing radio access network sites, which will generally consist of telecommunications antennas that will be controlled by the company, either installed on a different company’s towers or other buildings, or on towers controlled by the company.  Altán expects that it will use 14,300 existing sites, and will develop about 2,400 new sites.  Also, Altán expects to lease capacity on underground and above-ground telecommunications fiber controlled by other companies, and to install about 24,900 kilometers of its own underground and above-ground fiber.  About 95% of those 24,900 kilometers of newly-installed fiber is expected to be above-ground, leaving about 1,300 kilometers of trenching to be required for newly-installed underground fiber.  Almost all above-ground fiber is expected to run along existing electric transmission towers and rights-of-way.  Capacity for data processing is expected to be located in leased spaces in two existing data centers.