Shared telecommunications network provider Altan Redes is in accelerated talks with creditors to restructure 17b pesos ($850m) in debt, the company’s CEO said Salvador Alvarez said in an interview.
- Top creditors are Mexico’s development banks, the Andean Development Corporation and China’s development bank
- Alvarez said its creditors are used to restructuring complex infrastructure projects like Mexico’s shared network
- Mexican bankruptcy proceedings will not be drawn out and will help keep company operating and expanding coverage from current 65% of the population
- Network is key to government’s goals to closing the country’s digital divide and extend coverage to smaller, remote communities ...
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