Valdor Technology International Inc. reported that a 50/50 joint venture agreement has been executed between Valdor and Inteligencia e Infraestructura En America S. A. TeleVal Inc., 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. 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 solutions for the FTTx market sector; the content focus will be health care, security and education.