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

Chapala and Ajijic Events Bring a Busy Lake Weekend

Chapala and Ajijic Events Bring a Busy Lake Weekend

Chapala and Ajijic head into a busy lakeside stretch with VinArt, Summer Sound Festival, boat...
Semarnat Clears Riviera Maya Project Near Punta Venado

Semarnat Clears Riviera Maya Project Near Punta Venado

Semarnat authorized a Riviera Maya tourism complex near Punta Venado, raising new questions about coastal...
Los Cabos Blockades Raise Pressure for Faster Talks

Los Cabos Blockades Raise Pressure for Faster Talks

A BCS lawmaker urged faster mediation after Los Cabos road blockades disrupted workers, families, emergency...
El Jorullo Becomes Puerto Vallarta’s Eighth Delegation

El Jorullo Becomes Puerto Vallarta’s Eighth Delegation

Puerto Vallarta approved El Jorullo as its eighth municipal delegation, expanding local representation in a...