Nextel Chile and VTR win 3G spectrum

www.WirelessFederation.com/news: After winning 60MHz of the 3G spectrum in a closed tender, Nextel Chile has announced that it will invest USD300 million in the mobile network. VTR, a local cableco, an arm of Liberty Global and Nextel both submitted bids for three bands of 30MHz of 3G wireless spectrum. Nextel, offering USD14.6 million for the two bands was the highest bidder, while VTR will pay USD3 million for a single 30MHz band. The contracts are yet to be signed. Both the companies have twelve months to build their 3G networks and start offering services nationally.

Nextel and VTR will compete with Chile’s three main mobile telephone companies Entel PCS, Telefonica (Movistar) and America Movil (Claro), that already have the 3G spectrum.

After winning 60MHz of the 3G spectrum in a closed tender, Nextel Chile has announced that it will invest USD300 million in the mobile network. VTR, a local cableco, an arm of Liberty Global and Nextel both submitted bids for three bands of 30MHz of 3G wireless spectrum. Nextel, offering USD14.6 million for the two bands was the highest bidder, while VTR will pay USD3 million for a single 30MHz band. The contracts are yet to be signed. Both the companies have twelve months to build their 3G networks and start offering services nationally.

Nextel and VTR will compete with Chile’s three main mobile telephone companies Entel PCS, Telefonica (Movistar) and America Movil (Claro), that already have the 3G spectrum.