Red Compartida is a project headed by the Ministry of Communications and Transport (Secretaría de Comunicaciones y Transportes) (SCT) of the Mexican Government, in coordination with the Federal Telecommunications Institute (Instituto Federal de Telecomunicaciones) (IFT). Its development contemplates that a company or private business conglomerate participates in the design, financing, deployment, operation and marketing of its services. Pursuant to the new Federal Telecommunications and Broadcasting LawRed Compartida may have up to 100% of direct foreign investment.