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

Mexico City Airport Races to Finish World Cup Work

Mexico City Airport Races to Finish World Cup Work

AICM is near the finish line on World Cup upgrades, but visible work remains as...
Sinaloa Ex Security Chief Arrested in U.S. Cartel Case

Sinaloa Ex Security Chief Arrested in U.S. Cartel Case

Gerardo Mérida Sánchez was detained in Arizona as U.S. prosecutors pursue cartel-linked charges against Sinaloa...
Puerto Vallarta Fiestas de Mayo Open With Free Rides

Puerto Vallarta Fiestas de Mayo Open With Free Rides

Puerto Vallarta’s Fiestas de Mayo 2026 begin May 15 with free entry, two hours of...
Woman Found Dead Near Mismaloya on Highway 200 South

Woman Found Dead Near Mismaloya on Highway 200 South

Police are investigating after an unidentified woman was found dead beside Federal Highway 200 south...