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

marina vallarta market

Marina Vallarta art market shows Vallarta is open again

A busy Art & Market Marina Vallarta and a state tourism visit signaled that Puerto...
US special forces arrive for authorized Mexico training

What the US training mission in Mexico actually covers

Mexico authorized 12 US special operations troops for joint training in Edomex and Cozumel through...
Guanajuato reassures San Miguel toll road is on track

Guanajuato reassures San Miguel toll road is on track

Guanajuato officials say the Guanajuato–San Miguel toll road remains permitted, with final approvals underway and...
Guelaguetza 2026 brings Oaxaca to Playa del Carmen

Guelaguetza 2026 brings Oaxaca to Playa del Carmen in March

Playa del Carmen hosts Guelaguetza 2026 March 6–8, with a calenda parade and dances from...