China Telecom expected to bid for Mexico’s broadband network

19 January 2015 |

China Telecom is reportedly preparing a bid for a contract to build and operate a $10 billion mobile broadband network in Mexico.

According to a Reuters report, the carrier has secured several billion dollars worth of financing from Chinese state-controlled banks, including China Development Bank, for the purpose of bidding for the upcoming infrastructure project. 

In a statement emailed a day after the report, a company spokesman said that it is in a preliminary study into an investment opportunity in Mexico but did not provide further details.  

Last October, the Mexican government said it plans to deploy a nationwide, shared mobile network to offer wholesale services from 2018.