Cuatrecasas advises Multitel on the awarding of Mexico’s shared network

November 21, 2016

Mexico office’s first transaction in the telecommunications sector
Mexico office’s first transaction in the telecommunications sector

ALTAN, an international consortium led by Multitel has won the international tender to build Mexico’s shared network, the largest telecommunications project to date by the country’s government, according to an announcement by the Mexican Secretary for Communication and Transport. Cuatrecasas advised leading technology company Multitel on this important project.

The shared network will be implemented through a public-private partnership involving investment of over $7 billion (€6.6 million) throughout the concession's lifetime. Once built, the new mobile network will provide coverage to 92.2% of Mexico's population.

Cuatrecasas partner Javier Villasante said “This is a project of enormous visibility in Mexico.” He also stated “We had already had the opportunity to participate in important projects in the energy sector thanks to our client Pemex and, now, the shared network project enables us to enter the telecommunications market with force.”

Multitel, a company owned by Spanish businessman Eugenio Galdón, is the technological partner in a project in which the other partners are Morgan Stanley Infrastructures, the World Bank through International Finance Corporation, CDPQ (the second largest pension fund in Canada), Axtel and Megacable. The project has a capital provided by its shareholders of $750 million and initial financing of over $2 billion.

Lawyers Javier Villasante, Mariano Ucar, Santiago Ferrer, Marta Benjumea (Corporate and Commercial) and Andrés Sánchez (Tax) participated in the transaction, which was led by the Cuatrecasas office in Mexico.

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