Wireless spectrum auction expected to raise $2.5 billion

Reuters -Mexico’s telecoms regulator said it will raise about 45 billion pesos ($2.5 billion) over the next 15 years after an auction of wireless spectrum. The auction will allow the two participating companies, Carlos Slim’s America Movil and new rival AT&T Inc to deploy new mobile services and improve quality, the Federal Telecommunications Institute said.

http://www.reuters.com/article/mexico-telecoms-auction-idUSL2N15Y06T

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