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Overview

China Eximbank provides $152 million loan to Iusacell Celular for 3G Network Construction Project

Commitments (Constant USD, 2023)$319,767,917
Commitment Year•2004Country of Activity•MexicoDirect Recipient Country of Incorporation•MexicoSector•CommunicationsFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2004
Start (actual)
Jan 1, 2004
End (actual)
Jan 1, 2005

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

  • Export-Import Bank of China (China Eximbank)

Receiving agencies

Private Sector

  • Iusacell Celular S.A. de C.V.

Implementing agencies

Private Sector

  • Huawei Technologies Co., Ltd.

Loan description

China Eximbank provides $152 million loan to Iusacell Celular for 3G Network Construction Project

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2004, Iusacell Celular S.A. de C.V. — a major Mexican telecommunications company owned by Grupo Salinas via its subsidiary Movil@ccess and a leading CDMA2000 operator in Mexico — secured one or more China Eximbank loans worth $152 million for the build out of a 3G network in Mexico. The borrower was expected to use the loan proceeds to finance one or more commercial contracts with Huawei Technologies Co., Ltd. The purpose of the 3G Network Construction Project was to introduce the hybrid Access Network solution of CDMA2000 1X and EV-DO operating on 800MHz and 1900MHz, thereby fulfilling the requirements of Iusacell Celular S.A. de C.V. for service expansion from 2G to 3G. Huawei Technologies Co., Ltd. was the contractor responsible for project implementation. Implementation took place between 2004 and 2005.

Staff comments

1. Iusacell Celular S.A. de C.V. was a major Mexican telecommunications company owned by Televisa and Grupo Salinas. It was acquired in January 2015 by AT&T. 2. The loan’s precise commitment date is unknown. For the time being, AidData uses the project implementation start year (2004) as a proxy measure. This issue warrants further investigation