China Telecom Corp. Ltd. (SEHK:728) is evaluating a possible investment in Mexico, a company spokesman said. Reuters had reported on January 16, 2015 that it is preparing a possible bid for Mexico's new $10 billion mobile broadband network.

The report stated that China Telecom was looking for Mexican partners to join it in a consortium for the mobile broadband project, with up to several billion dollars of financing already secured from Chinese state-controlled banks.