Red Compartida mobile network PPP

Overview:

• Altán Redes was awarded a 20-year concession to develop the Red Compartida project, a telecommunications line that will provide coverage to 92% of the country. 
• Altan is made up of Marapendi Holding, China-Mexico Fund, Caisse de Depot et Placement du Quebec, Megacable and Grupo Multitel. 
• The project was mandated by Mexico's telecommunications reform. 
• This is first telecommunications PPP in Mexico.
• Bank of America Merrill Lynch acted as financial adviser to the Mexican Ministry of Communications and Transportation in structuring the tender process.
• The developer received a MXN17 billion loan from Bancomext, NAFIN and Banobras, Mexican development banks.
• Huawei and Nokia also acted as lenders.
• Citibanamex acted as agent.
• Banco Santander acted as hedging provider.

Rani Mehta - Journalist