America Movil wins largest share in Mexican auction

America Movil wins largest share in Mexican auction

America Movil attained the largest share of mobile internet frequencies in the latest Federal Telecommunications Institute (IFT) spectrum auction.

Earlier this month, Mexico’s IFT revealed that America Movil paid $117 million (2.1 billion pesos), against AT&T’s $58 million (1.03 billion pesos) bid, to attain the airwaves as consumer demand for mobile coverage grows.

The IFT said the auction of 1710-1780 MHz and 2110-2180 MHz bands would increase spectrum availability for mobile broadband services by 29%.

AT&T won the 1730-1755 and 2130-2155 MHz bands, whilst America Movil, which operates around 70% of Mexico's mobile and fixed lines, attained the other MHz slices. 

IFT said the auction gave each firm more adjacent spectrum and envisaged that it will raise about $2.5 billion over the next 15 years from the proceeds of the auction.





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