US EditionCFE approves purchase 49% of Altán Redes
10 Articles
10 Articles
Cd. of Mexico.- The Board of Directors of the Federal Electricity Commission (CFE) endorsed in extraordinary session the purchase of 49 percent of Altán Redes, the Shared Network, which currently operates the 700 MHz band. At the 26th Extraordinary Session, the Board of Directors approved the Quetzal Project, which represents the control of the telecommunications company that was born under the model of Public-Private Association (APP) during th…
The Federal Government has again decided to allocate public resources to support a failed business project. The Federal Electricity Commission (CFE) approved the purchase of 49% of the shares and 24% of the corporate rights of Altán Redes, a telecommunications company that has been marked by poor financial management and a large multimillion dollar debt. Entrepreneurs and experts say about the case of Altán Redes The businessman Carlos Slim has …
The Federal Telecommunications Institute (IFT) authorized the Federal Electricity Commission (CFE) to acquire 49% of the control of the telecommunications company Altán Redes. The national electricity company will also control 24% of the corporate rights of the telecommunications company. As a result, the CFE will be able to appoint two members of the Altán Board of Directors. Altán won the tender to operate the shared telecommunications network…
The Federal Electricity Commission (CFE) announced this morning the acquisition of 49 percent of Altán’s shares, so that this company will be in the hands of the government permanently, according to the state company. CFE’s Board of Directors, chaired by Luz Elena González Escobar, Secretary of Energy, in her capacity as President of the Council, approved the so-called Quetzal Project, which consists of the concentration of operations related to…
The Board of Directors of the Federal Electricity Commission (CFE) endorsed in extraordinary session the purchase of 49 percent of the Altán Redes, the Shared Network, which currently operates the 700 MHz band.At the 26th Extraordinary Session, the Board of Directors approved the Quetzal Project, which represents the control of the telecommunications company that was born under the model of Public-Private Association (APP) during the six-year te…
The operation responds to the resolution issued by the Federal Telecommunications Institute (IFT) on 15 January, in which the CFE’s participation in Altán was authorized through the so-called ‘Quetzal Project’.
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