Altán gets US$1.8 billion financing for Red Compartida project

Clifford Chance LLP’s London office and Mexico’s White & Case, SC and Galicia Abogados have helped Mexican construction consortium Altán Redes obtain two-part project financing worth US$1.8 billion to fund construction of the Red Compartida wholesale shared mobile network.

Altán gets US$1.8 billion financing for Red Compartida project istock.cmo/yangna

Nokia and Huawei, who are vendor-financiers, granted a loan of US$850 million to Altán, while Mexican development banks Nafin, Banobras and Bancomext gave it a combined finance package of US$940 million. All lenders turned to Linklaters in New York and London and Mexico’s González Calvillo, SC for the transaction.  



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