MVS claims its rejected spectrum renewal bid was worth USD340 million

Mexican media company MVS Telecomunicaciones has claimed that it offered the government USD340 million with a view to retaining around three quarters of the spectrum that it currently holds, Reuters reports. MVS vice-president Jose Antonio Abad was cited as saying that the financial offer had been made in the company’s most recent bid to keep its frequencies, submitted to the state in November last year. It is understood that in return for the USD340 million it offered, MVS sought to retain use of around 140MHz of its 190MHz spectrum in the 2.5GHz band for an initial period of ten years.* *The claims come just a week after the government confirmed it had rejected MVS’ latest offer to renew a block of its frequency holdings, with around 15% of the would-be operator’s spectrum having expired; the remainder of the company’s spectrum is due for renewal at various stages over the period to 2018

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OVETEL MVS claims its rejected spectrum renewal bid was worth USD340 million