Mexico’s MVS Comunicaciones has finalized an agreement with US based Clearwire to install a WiMAX network covering around 23 cities of the country. It is believed that the working will begin in the second half of the next year and the launch will take place in the fourth quarter of 2010.

However, the operation is based on the Communications and Transportation Ministry regenerating the company’s ongoing spectrum holdings in eight of the planned 23 cities.

Meanwhile, Clearwire is a minority shareholder in MVS, and the project is separate from the US network deployment. The Mexican firm is now looking forward to lift around US$700 million to fund its infrastructure rollout.

On the other hand, MVS’s founder Joaquín Vargas Gómez died after a long illness.

While talking to reporters on the death of MVS’s founder, the Mexican President Felipe Calderon said, “Mexico loses a businessman who contributed to the development of radio, a means of communication that is now a clear expression of Mexico's democratic vitality.”