Argentinian Wireless Spectrum Licenses of Interest to ChinaTel Group (CHTL.OB)
ChinaTel Group, Inc. (OTCBB: CHTL) announced that it will bid in an auction for wireless spectrum licensing in Argentina, through its subsidiary, ChinaTel Argentina S.A. The auction is for the 3.5 gigahertz wireless spectrum in 15 cities in the South American country. Those cities are Bahia Blanca, La Plata, Mar del Plata, Moreno, Pilar, Comodoro Rivadavia, Cordoba, Corrientes, Mendoza, Neuquen, Rosario, Santa Fe, San Juan, San Luis, and San Miguel de Tucuman. This spectrum is focused at the Internet level and what's known as WiMAX or Worldwide Interoperability for Microwave Access. Acquiring or operating WiMAX networking is a key strategy…