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China Eximbank provides $152 million loan to Iusacell Celular for 3G Network Construction Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Iusacell Celular S.A. de C.V. |
| Country | Mexico |
| Start Date | Jan 01, 2004 |
| End Date | Jul 29, 2033 |
| Duration | 10,802 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 97781 |
Grant Description
China Eximbank provides $152 million loan to Iusacell Celular for 3G Network Construction Project In 2004, Iusacell Celular S.A. de C.V. — a major Mexican telecommunications company owned by Grupo Salinas via its subsidiary Movil@ccess and a leading CDMA2000 operator in Mexico — secured one or more China Eximbank loans worth $152 million for the build out of a 3G network in Mexico.
The borrower was expected to use the loan proceeds to finance one or more commercial contracts with Huawei Technologies Co., Ltd.
The purpose of the 3G Network Construction Project was to introduce the hybrid Access Network solution of CDMA2000 1X and EV-DO operating on 800MHz and 1900MHz, thereby fulfilling the requirements of Iusacell Celular S.A. de C.V. for service expansion from 2G to 3G. Huawei Technologies Co., Ltd. was the contractor responsible for project implementation.
Implementation took place between 2004 and 2005.
Staff Comments
- Iusacell Celular S.A. de C.V. was a major Mexican telecommunications company owned by Televisa and Grupo Salinas. It was acquired in January 2015 by AT&T.
- The loan’s precise commitment date is unknown. For the time being, AidData uses the project implementation start year (2004) as a proxy measure. This issue warrants further investigation
Sources & References
- David Fenwick
- David Fenwick Profile
- La inversión extranjera directa de China en América Latina: 10 estudios de caso
- Form 6-K GRUPO IUSACELL
- S.A. de C.V., 2005年是争取移动通信全面胜利的关键年
- Huawei CDMA Global Footprint Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Iusacell Celular S.A. de C.V.
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