MVS Comunicaciones, a Mexican company, has reached a preliminary agreement with Clearwire to invest $700 million in WiMax technology in Mexico. The deployment will cover 23 Mexican cities.
Deployment of the wireless broadband network with the new technology will take place by the second half of 2010, which is subject to its licenses being renewed.
Clearwire, which owns part of MVS Comunicaciones, plans on covering up to 120 million people in the U.S. by the end of 2010. It currently has WiMax services set up in 24 U.S. cities.
MVS, a publishing, radio, restricted television and wireless broadband services provider, is the majority ownerin Dish Mexico. It is a satellite-TV venture with EchoStar. Dish Mexico has a partnership with Mexican phone and internet provider, Telmex.