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China to discuss funding Mexico telecoms network

Thursday, April 10, 2014

Chinese officials have met with the Mexican government to offer funding for two telecommunications networks the Latin American country is planning to build.

The networks, estimated by the government to cost about $750 million, are meant to reach rural areas of Mexico where Carlos Slim’s America Movil is often the sole phone provider.

If Mexico accepts the loans, it would probably use equipment from Shenzhen, China-based Huawei Technologies as a result.

Source: Bloomberg