Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico 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

Puerto Vallarta maps storm plans before rains arrive

Puerto Vallarta installs storm council before rainy season

Puerto Vallarta installed its Civil Protection council to coordinate shelters, evacuation routes and storm response...
Mexico Sends Another Aid Ship to Cuba Amid Pressure

Mexico Sends Another Aid Ship to Cuba Amid Pressure

Mexico confirmed another humanitarian aid ship for Cuba as Sheinbaum renewed opposition to the U.S....
EU Trade Pact With Mexico Moves Closer to Approval

EU Trade Pact With Mexico Moves Closer to Approval

EU countries approved the next step for a modernized Mexico pact covering trade, security, climate,...
Five Wild Axolotls Found in Mexico City Wetland

Altiplano axolotl found again in protected Mexico City wetland

Five Altiplano axolotls were found in Lago Tláhuac-Xico, giving conservation teams new data on a...