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

Cancún leans on Spring Break and 2026 tourism plans

Cancún leans on Spring Break and 2026 tourism plans

Tourism leaders say Spring Break demand and 2026 planning are helping Cancún hold strong bookings...
Puerto Vallarta 5K brings 400-plus together for equality

Puerto Vallarta 5K brings 400-plus together for equality

Puerto Vallarta’s 8M equality run drew more than 400 participants, turning Women’s Day into a...

Jalisco pushes fresh air routes for Puerto Vallarta

Jalisco used Routes Americas 2026 to court more Puerto Vallarta flights, seeking new links and...
Mexican peso strengthens

Peso Pulls Back After Brief Move Above 18 Per Dollar

The peso recovered some ground after briefly trading above 18 per dollar, as higher oil...