White & Case Helps Win US$7 Billion Mexican Network Bid
White & Case advised the Altán consortium on its US$7 billion winning bid to build and operate a mobile 4G network, which Latin Lawyer reported will be one of the largest Mexican telecom infrastructure projects under President Peña Nieto's administration.
The network is set to cover more than 92% of Mexico’s population, exceeding the 85% minimum coverage outlined in the auction, and will become operative for part of the population in early 2018, according to the publication.
The project will require some US$7 billion of investment over the 20-year concession period and Latin Lawyer reported that the consortium’s shareholders have committed capital of US$750 million, plus an initial US$2 billion financing package. The consortium includes Morgan Stanley Infrastructures, the World Bank's lending arm the International Finance Corporation and Canada’s second largest pension fund CDPQ.
The White & Case lawyers who advised on the deal included partners Raúl Fernández-Briseño and Ismael Reyes Retana Tello, and associates Antonio Cárdenas Arriola, Román González Melo, Eduardo Diego-Fernández Forseck, Adolfo Osorio Díaz, Sergio Márquez García Moreno, Fernando García Gómez and Thomas Pate.
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