America Movil wins largest share in Mexican auction
15 March 2016 | Jason McGee-Abe
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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