Mexican media giant MVS Comunicaciones said on Tuesday it aims to deploy a new network in Mexico that would allow high speed fourth generation mobile broadband access at lower prices. The proposal, which needs approval from Mexico's Finance Ministry and telecom regulator Cofetel, could mean an initial investment of close to $1 billion, Jose Abad, vice-president of the company's internet unit MVS Net told Reuters on Tuesday. The plan calls for the creation of a consortium including MVS, wireless operator Clearwire Corp (CLWR.O) and chip maker Intel Corp (INTC.O) that would administer a high speed LTE-based (long term evolution) network. Abad said Mexican phone operator Alestra had voiced interest in joining the group and that if the project gets approval from authorities, Japan's KDDI (9433.T) and two Korean partners may step in too.
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