Mexico raises MXN 44 bln in 2.5 GHz auction; Telefonica, AT&T winners

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(Telecompaper) Mexico’s telecommunications regulator IFT said it awarded 120 MHz of spectrum in the 2.5 GHz band for use in LTE and 5G services to AT&T and Movistar (Telefonica), the only two participants in the auction. The 20-year licences, sold in six blocks, are expected to generate a total of MXN 44.4 billion for the Mexican state over their lifetime, IFT said in as statement.
Source: Industry News (syndicated from Telecompaper.com)

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