Nextel Mexico, an operating subsidiary of NII, will secure up to $375 million in financing to buy infrastructure for its 3G network in Mexico from Huawei Technologies. The loan will be provided by China Development Bank. The financing has a final maturity of 10 years, with a three year drawdown period and a seven year repayment term. In February 2011, NII signed a deal with Huawei to offer end-to-end W-CDMA solutions to create Nextel Mexico’s W-CDMA networks relating to its 3G spectrum licenses in Mexico.
Click here for the release from PR Newswire.