China Development Bank to loan Nextel Mexico cash for Huawei network – Mobile World Live

China Development Bank to loan Nextel Mexico cash for Huawei network

28 JUL 2011

NII Holdings, the company which offers services in a number of Latin American markets using the Nextel brand, said that Nextel Mexico will receive a US$375 million loan from the China Development Bank, which will be used to acquire 3G network equipment from Huawei Technologies. It said that in February 2011, Nextel Mexico signed a deal with Huawei for an end-to-end WCDMA network build, following its acquisition of spectrum licences for the country.

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