UPDATE 1-Telefonica, Televisa win in Mexico frequency tender

* Frequencies ranging from 1850 to 1990 MHz auctioned

* Bidding on 1710 to 2170 MHz range ongoing
(Updates with Telefonica quote)

MEXICO CITY, July 16 (BestGrowthStock) – Spain’s Telefonica, tycoon
Ricardo Salinas and broadcasting heavyweight Televisa made $230
million in winning bids to acquire wireless frequencies in one
of two tenders, the country’s telecom regulator said on
Friday.

Cellphone operators in Mexico’s telecom industry, dominated
by billionaire Carlos Slim, have been waiting for years for the
government to auction more frequencies so that they can expand
their services.

In the auction of frequencies ranging from 1850 to 1990
MHz, broadcaster Televisa (TLVACPO.MX: ) (TV.N: ) and its partner
Nextel had a top bid worth 48 million pesos for one block of
frequency, Cofetel said in a statement.

Pegaso, owned by Telefonica, bid 2.87 billion pesos for
several blocks up for grabs and Telecomunicaciones del Golfo,
controlled by retail and media tycoon Ricardo Salinas, offered
65 million pesos for several other blocks.

“With these new frequencies, we will continue to reinforce
our business in the country and we will extend our 3G network,”
Telefonica said in a statement.

Bidding for a second group of frequency concessions in the
1710 to 2170 MHz range is ongoing.

Telefonica (TEF.MC: ), Mexico’s No. 2 wireless operator,
lacks coverage around the nation’s capital and is expected to
benefit a lot from gaining new spectrum.

Televisa, the No. 1 broadcaster in Mexico, is expanding
into the mobile phone business with NII Holdings’ (NIHD.O: )
Nextel.
($1 = 12.93 pesos)
(Reporting by Noel Randewich and Robin Emmott; Editing by Gary
Hill)

UPDATE 1-Telefonica, Televisa win in Mexico frequency tender