Puerto Vallarta News

Puerto Vallarta News

China Telecom Could Be TelCel’s Next Competitor

The company is seeking local partners to join it in a consortium, three people with knowledge of the matter said.

It has already secured up to several billion dollars of financing from Chinese state-controlled banks, including the China Development Bank, for the project, which Mexico estimates will cost $10 billion over 10 years, one of the people said.

The proposed network is part of a sweeping reform designed to break billionaire Carlos Slim's hold on the Mexican telecoms business, but the Chinese involvement could prove controversial and trigger concerns from the U.S., some Mexican officials say.

Mexico . . .

Read Full Story

Related Posts

Operación Enjambre targets municipal corruption in Mexico

Operación Enjambre targets municipal corruption in Mexico

Operación Enjambre is a sweeping federal crackdown targeting corrupt municipal officials who protect organized crime...
Dulce San Miguel Festival Spotlights Local Bakeries & Cafes

Dulce San Miguel Festival Spotlights Local Bakeries & Cafes

San Miguel de Allende’s new Dulce San Miguel festival unites bakeries and cafés this Valentine’s...
red flag puerto vallarta

Six Vallarta Beaches Continue Under Red Flags Amid High Surf

Red flags are up at six Puerto Vallarta beaches after heavy surf and strong rip...
Aguascalientes Airbnb tax

Playa del Carmen plans license rules for Airbnb stays

Playa del Carmen will require municipal licenses for short-term rentals and may limit where they...