The Ministry of Communications and Transport (SCT) of the Mexican Government has extended the deadline for the Red Compartida PPP project, the major telecom project in Mexico.

The initial deadline for private developers to submit its proposals for the telecom concession was on August 8, but it has been extended to October 20 as some tenderer requested more time to arrange the financing and other aspects of the project. The project will be accomplished under the public-private partnership (PPP) model.

Bank of América Merrill Lynch, who is acting as financial advisor for the (SCT), also recommended this modification in the schedule of the tender process in order to raise the quality of private proposals. 

The project includes design, installation, deployment, operation, maintenance and updating of the Shared Network and Wholesale Telecom Service. The private developer will be responsible for implementing a new telecom system including the optimization of the assigned spectrum (700 MHz band). 

The project aims to increase the telecommunication services coverage in the country, enhancing the quality of the services and promoting competitive prices for the costumers.