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

Event organizers suspended Spring Break activities in Puerto Vallarta and said part of the demand could move to Los Cabos, citing security concerns and travel risk assessments.

Spring Break organizers cancel Puerto Vallarta events

Event organizers suspended Spring Break activities in Puerto Vallarta and said part of the demand...
Profepa boosts Bay of Banderas whale-watch patrols now

Profepa boosts Bay of Banderas whale-watch patrols now

Profepa inspected 17 vessels in Bay of Banderas to enforce Mexico’s whale-watching rules during peak...
Puerto Vallarta’s Historic Center Getting a Facelift

US eases Puerto Vallarta alert as flights and city normalize

A Feb. 24 U.S. security update signals a cautious return to routine travel in Puerto...
After cartel-linked unrest in several states, the White House warned cartels and urged Americans in Mexico to follow US security alerts.

White House warns cartels not to attack Americans in Mexico

After cartel-linked unrest in several states, the White House warned cartels and urged Americans in...