To all our friends in Mexico, are you wanting to get a Windows Phone, but not wanting to spend a ton of money?
Nokia is set to release its Lumia 505, which is essentially a scaled down version of the Lumia 510. The handset is currently set to be released by Telcel in Mexico. The Lumia 505 has a 3.7 inch AMOLED 800 x 480 resolution display, an 8 MP rear facing camera, 256MB internal memory and 4 GB of available storage.
This phone runs Windows Phone 7.5 and will not be upgraded to Windows Phone 8 but is a good low cost alternative. It is available in pink, red and black.[ source ]