Televisa-led consortium becomes primary bidder in Mexican fiber auction

A three-part consortium led by Mexico-based Televisa (Mexico: TLEVISACPO.MX) has become only qualified bidder for two dark fiber strands being sold by Mexican power company Comision Federal de Electricidad (CFE).

Televisa's consortium, which includes Megacable (Mexico: MEGACPO.MX) and Telefonica (NYSE: TEF), was informed by Mexico's Secretario de Comunicaciones y Transportes (SCT) that its bid was approved. A competing bid from mobile operator Iusacell was rejected because the service provider would not comply with the government's auction rules.

After the sale process starts on May 25, the Mexican government said it will reveal the auction winner on June 9. Even though the Televisa consortium is the only bidder for the two 20,000 km fiber strands, the government requires that they put in a bid that follows the auction rules.

For more:
- TeleGeography has this article
- Reuters also has this coverage

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