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

Not ready to subscribe? Join the free Vallarta Daily Brief for local headlines, practical updates, and occasional free guides. Join Newsletter

Related Posts

Mexico Presses U.S. on 269 Stalled Extradition Cases

Mexico Presses U.S. on 269 Stalled Extradition Cases

Mexico’s complaint over 269 extradition requests puts a legal dispute back at the center of...
Royal Caribbean Mahahual Plan Clears Key Court Hurdle

Semarnat Blocks Royal Caribbean Project in Mahahual

Mexico’s environmental authority has moved against Royal Caribbean’s proposed Perfect Day project in Mahahual, turning...
Arrest warrants reported against Playa Las Cocinas defenders

Arrest warrants reported against Playa Las Cocinas defenders

Nayarit prosecutors reportedly obtained arrest warrants against Playa Las Cocinas defenders as lawyers sought amparo...
puerto vallarta earthquake

Magnitude 4.0 Quake Shakes Puerto Vallarta Tuesday

A magnitude 4.0 earthquake was recorded southwest of Puerto Vallarta Tuesday, with officials monitoring.