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title: Macquarie takes control of minority stake in Altan Redes - Developing Telecoms
description: Mexico’s Federal Telecommunications Institute (Instituto Federal de Telecomunicaciones, IFT) has approved the takeover of an 18.29% stake in Altan Redes by Australian investment group Macquarie.
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 [Operators](https://developingtelecoms.com/telecom-business/operator-news.html)## Macquarie takes control of minority stake in Altan Redes

 

 

   Details    James Barton    Category: [Operators](https://developingtelecoms.com/telecom-business/operator-news.html)     24 August 2023     14893 views   

 

  ![Macquarie takes control of minority stake in Altan Redes](https://developingtelecoms.com/images/stories/Places/800x600/mexico-Guanaguato_600.jpg)  

 

Mexico’s Federal Telecommunications Institute (Instituto Federal de Telecomunicaciones, IFT) has approved the takeover of an 18.29% stake in Altan Redes by Australian investment group Macquarie.

Open access 4G mobile network provider Altan Redes – which operates the Red Compartida network - [was declared bankrupt in November 2021](https://developingtelecoms.com/telecom-business/operator-news/12343-altan-redes-bankrupt-but-operations-will-continue.html), but entered bankruptcy protection and continued its operations while restructuring into a public-private partnership. [It exited bankruptcy protection in November 2022.](https://developingtelecoms.com/telecom-business/14181-mexico-s-altan-redes-announces-end-to-bankruptcy.html)

Mexican government body Nacional Financiera (NAFIN) is currently the largest shareholder in Altan Redes, with a combined direct and indirect interest totalling 80.43%. Macquarie’s newly obtained holding was previously controlled by China-Mexico Fund GP, a founding shareholder in Altan Redes.

TeleGeography reports that Red Compartida’s 700MHz network reached 73% of Mexico’s population at end-June 2023 – roughly 81.5 million people. Red Compartida is used by over 110 MVNOs, among them Izzi Movil, Megacable and Walmart’s Bodega Aurrera Internet y Telefonia (BAIT).

 

 

   
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