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Tuff-Stuff

09/23/14 6:27 AM

#547207 RE: Tuff-Stuff #547206

Mexico has received its first bid from a consortium led by Alcatel-Lucent (NYSE:ALU) and Ericsson (NASDAQ:ERIC) to build its proposed $10B state-owned mobile network - an effort that will break the hold of Carlos Slim's America Movil (NYSE:AMX) on the industry.
If the consortium's bid wins, those companies could be key suppliers of mobile antennae and other gear as well as manage the network.
Mexico expects to pick a winner in mid-2015.