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

Mexican peso weakens

Mexican Peso Holds Near 18.10 as Pressures Persist

The peso opened the week near 18.10 per dollar, but inflation, rate cuts and global...
december cruises puerto vallarta

Puerto Vallarta Braces for 27 Cruise Ships in April

Puerto Vallarta is set for 27 cruise ship calls in April, bringing a busy month...
Vallarta weighs beach access plan to keep shores public

Puerto Vallarta area beaches cleared for Easter break

Puerto Vallarta and Bahía de Banderas beaches tested below Mexico’s bacteria limit, clearing the coast...
Puerto Vallarta cab theft ended in a violent crash

Puerto Vallarta cab theft ended in a violent crash

A Puerto Vallarta taxi driver was beaten and robbed before dawn. Minutes later, the stolen...