Xinwei Sole Bidder In Spectrum Auction

News: China-based Xinwei is the only bidder left in an auction for spectrum in the 1,785-1,805MHz band, according to the Nicaraguan press. The bidding rules were apparently modified by Laureano Ortega, son of Nicaragua's President Daniel Ortega and head of investment promotion agency ProNicaragua, to suit the Asian firm. Meanwhile, ICE as well as existing players Movistar and Claro pulled out from the bidding process, owing to the closed nature of the bidding rules.

This article is tagged to:
Sector: Telecommunications
Geography: Nicaragua, Nicaragua, Nicaragua, Nicaragua

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