MVS plans to deploy 4G broadband network in Mexico

MEXICO CITY, April 5 (Reuters) – Mexican media giant MVS
Comunicaciones said on Tuesday it aims to deploy a new network
in Mexico that would allow high speed fourth generation mobile
broadband access at lower prices.

The proposal, which needs approval from Mexico’s Finance
Ministry and telecom regulator Cofetel, could mean an initial
investment of close to $1 billion, Jose Abad, vice-president of
the company’s internet unit MVS Net told Reuters on Tuesday.

The plan calls for the creation of a consortium including
MVS, wireless operator Clearwire Corp (CLWR.O: Quote, Profile, Research) and chip maker
Intel Corp (INTC.O: Quote, Profile, Research) that would administer a high speed
LTE-based (long term evolution) network.

Abad said Mexican phone operator Alestra had voiced
interest in joining the group and that if the project gets
approval from authorities, Japan’s KDDI (9433.T: Quote, Profile, Research) and two Korean
partners may step in too.

(Reporting by Cyntia Barrera Diaz, editing by Dave Graham)

MVS plans to deploy 4G broadband network in Mexico