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Mexican group to invest $107m in fibre
28 May 2010
Grupo Televisa’s consortium says it will invest $107m in fibre infrastructure if it wins a bid for capacity on the state power utility’s network
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Mexico
Grupo Televisa
Megacable
Comisión Federal de Electricidad
Telefónica
Iusatel
A consortium, including Grupo Televisa, is looking to invest around $107 million in additional network infrastructure if it wins a bid for fibre optic capacity on the network owned by Mexico’s state power utility, Comisión Federal de Electricidad. The investment will be in addition to the bid, which must be at least 3% higher than the reference price of $68.94 million set out in the bidding rules.
The consortium, which also includes Megacable and the local wireless unit of Spain’s Telefónica, is the only potential bidder cleared to participate in the auction. Last week, Iusatel was banned from participating on the grounds that it had refused to accept the terms of the bidding rules. The Mexican government is selling 20-year leases for unused fibre owned by the power utility.
If the Televisa consortium’s bid wins, they can activate services in some parts of the country in the second half of next year, said Enrique Yamuni, CEO of Megacable. GTB