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

Retro Disco Night Brings 80s Hits to Vallarta Park

Retro Disco Night Brings 80s Hits to Vallarta Park

Puerto Vallarta’s 80s and 90s Disco Night returns Sunday at Parque Lázaro Cárdenas, with local...
Olas Altas Beach stands under a red flag

Red Flag Warning Posted at Puerto Vallarta Beaches

Puerto Vallarta beachgoers face red and yellow flags as Civil Protection warns of dangerous sea...
LGBTQ+ groups celebrate Querétaro gender identity law

LGBTQ+ groups celebrate Querétaro gender identity law

Querétaro’s gender identity law gives trans and nonbinary adults a civil registry path to align...
Why Mexico’s Builders Raise Decorated Crosses May 3

Why Mexico’s Builders Raise Decorated Crosses May 3

Each May 3, Mexico’s builders place decorated crosses on construction sites to mark Día de...