Iusacell Reaches Agreement With Mexican Government On Wireless Local Loop Spectrum
June 12, 1997
Mexico City, Mexico - Iusacell, Bell Atlantic's wireless investment in
Mexico, today announced it has entered into an agreement with Mexican
telecommunications regulatory bodies regarding commercial use of
spectrum in the 450 Megahertz (MHz) band for its wireless project.
The agreement outlines terms and conditions under which Iusacell could
secure the frequencies once 450 MHz spectrum auctions in Mexico have
been completed later this year. The agreement also allows Iusacell to
expand its current offering of the country's only Wireless Local Loop
service trial to up to 50,000 customers.
"We're pleased to finally resolve this spectrum authorization issue.
Working together with the Mexican government, we've put together an
agreement that works for both parties, and is clearly within the scope
of Mexican telecommunications law," said Tom Bartlett, president and
chief executive officer of Iusacell.
The Mexican government recently published a calendar for several
spectrum auctions that, like those in the United States, will create
opportunities to offer consumers greater choices in wireless services.
The auction related to the 450 MHz frequencies is slated to begin in
October of this year.
"Iusacell now has a new alternative to evaluate in bringing new
wireless services to the Mexican marketplace. We believe the
resolution of this issue is a very positive reflection on the Mexican
telecommunications authorities and will benefit the Mexican consumer
and the communications industry as a whole," said Fulvio del Valle,
general director of Iusacell.
Bell Atlantic Corporation (NYSE: BEL) is at the forefront of the new
communications, entertainment and information industry. In the
mid-Atlantic region, the company is the premier provider of local
telecommunications and advanced services. Globally, it is one of the
largest investors in the high-growth wireless communication
marketplace. Bell Atlantic also owns a substantial interest in
Telecom Corporation of New Zealand and is actively developing
high-growth national and international business opportunities in all
phases of the industry.