Rivada Networks is the subject of controversial legal action in Mexico, just as the company lost a recent spectrum auction to a major rival. So far, one person involved is accused of murder, corporate documents are stolen, and Mexican government officials are accused of favoritism and bribery. The $7 billion contract that was lost would have been Rivada’s ticket to install an extensive 4G wireless network across Mexico.
Peter Thiel is the investor behind the recently formed telecom, says the New York Post. The company is based outside Washington, D.C., but operates networks in Ireland, Argentina, and other parts of the globe. Rivada alleges their rival, Altán Consortium, had an improper advantage by viewing non-public bidding documents, and copied Rivada’s business model. In addition, auction documents were stolen from a Rivada employee days before the final deadline, and an Altán advisor is currently pleading guilty to a murder charge in Kenya. The sum of these incidents, says Rivada, is an intrigue designed to block them from winning the spectrum auction. The final contract with Altán will be signed in the upcoming weeks.
January 26, 2017
Reader Interactions