Methods, systems, and devices are described for minimizing mutual interference between networks that implement different protocols. In one embodiment, a first network device of a first network may exchange coexistence information with a second network device of a second network to determine whether to share resources or reduce transmit power based, at least in part, on the interference detected at the first network device from a transmission of the second network device. In one embodiment, both the first and the second network devices may independently and iteratively reduce their respective transmit power to minimize interference between the interfering networks. The first network device may reduce its transmit power based on an interference of the second network device and vice versa. In another embodiment, the network device with a lower priority may minimize its transmit power to reduce interference with the network device with a higher priority.