Valdor Enters Mexican Telecommunication Market & Signs JV Agreement With Strong Mexican Partner
March 25, 2015 – Vancouver, B.C.Valdor Technology International Inc. (“Valdor”) (TSX: VTI-V) (OTC: VTIFF) (Frankfurt: VZAA) is pleased to report that a 50/50 joint venture agreement has been executed between Valdor and Inteligencia e Infraestructura En America S. A. (“Inteligencia”). TeleVal Inc. (“TeleVal”), incorporated in Mexico, is the joint venture company.
The mandate of this joint venture is to develop TeleVal as a leader in the Mexican and Latin American fibre optic technology markets. The imminent deregulation of Mexico’s telecommunication industry and the very early stage of fibre-to-the-home deployment throughout Latin America are catalysts for this process. The Mexican telecommunications market is currently about $35 billion/year and is projected to grow at a 30% rate for the next few years*.
Inteligencia (www.intelinfra.com), located in Mexico City, Mexico, markets, services and installs electrical equipment and fibre optic cable in the telecom industry throughout Mexico. Valdor’s Mexican partner has an impressive track record with a renowned client list that includes, among others, Ericsson, Pemex, Tellabs, Comision Federal de Electricidad (CFE), Alcatel Lucent, Telcel and TelMex.
Mr. Jaime Alejandro Gomez Nunez will be the sales and marketing force behind TeleVal. Since 2008, Mr. Gomez has been CEO of Valdor’s JV partner company, Inteligencia. For ten years, prior to founding Inteligencia, he was employed by TelMex (www.telmex.com), and for the last several years held the position of “Outside Plant Manager”, responsible for all corporate homologation and all corporate technology procurement. TelMex is the landline based telecom that services about 80% of Mexico and is controlled by Mr. Carlos Slim.
Valdor and Inteligencia will each provide 50% of the investment capital and share equally in the profits. Within the JV partnership, Valdor will provide: quality control practices and procedures; component procurement; operational procedures; technical transfer and training. Inteligencia will provide: engineering and assembly employees; sales and marketing employees; executive leadership and the physical facilities in Mexico. To satisfy the Mexican requirement for local content the JV will immediately establish a manufacturing facility within Mexico. The JV will supply and manufacture passive optical components including a full range of optical connectors, assemblies, patch panels and integrated optical solutions. The partnership is being structured to provide triple play (voice, data & multi-media) solutions for the FTTx market sector; the content focus will be health care, security and education.
*”Cooperation Organization for Economic Development” on the Mexican telecommunications industry & Mexican Government website “Instituto Federal de Telecomunicaciones” – www.ift.org.mx.