ProInversión awards corporate communications tender to Global Crossing

Friday, December 16, 2011

Peruvian private investment promotion agency ProInversión has awarded international IP connectivity solutions provider Global Crossing (Nasdaq: GLBC) a concession in the 10.15-10.30 GHz and 10.50-10.65 GHz bands, the agency said in a statement.

The 20-year concession was awarded with an offer of US$220,800, surpassing the base price, to operate in Lima and Callao provinces.

The spectrum will serve for providing point to multipoint services and broadband connections to the corporate market.

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In addition, the concession contract includes the provision of free broadband connections of at least 512 Kbps for some local government offices.

Global Crossing was acquired by Level 3 Communications (Nasdaq: LVLT) in April for US$3bn. The acquisition was completed in October with combined revenues close to US$6.26bn.