Tuesday, July 20, 2010
Televisa, NII to Battle America Movil After Auction
July 20 (Bloomberg) -- Grupo Televisa SA and partner NII Holdings Inc. are preparing to challenge America Movil SAB’s dominance of Mexico’s wireless market after the government concluded an auction of airwaves.
The auction of mobile-phone airwaves in the 1.7 gigahertz spectrum band ended yesterday, Federal Telecommunications Commission President Mony de Swaan said on his Twitter account. He didn’t say who had the highest bids in the auction.
Televisa, the world’s largest Spanish-language broadcaster, and NII will win one-third of the 90 megahertz of airwaves auctioned because they were the only participants qualified for that spectrum under rules that limit each company’s total holdings. NII said it will offer third-generation services such as high-speed Internet within 12 to 18 months after it receives the airwaves.
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