Puerto Vallarta News

Puerto Vallarta 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

Los Cabos news today

Los Cabos news today fire, crash and tourism shift

Los Cabos news today brings updates on the Las Cuevas landfill fire, a deadly highway...
San Miguel news today

Today’s San Miguel news roundup what residents need to know

Stay updated with our San Miguel news roundup for November 19, covering the Cieneguita bridge...
Cancun news today

Cancun news today crime, sargasso and bus fares update

From violence near schools to fare hikes, sargasso data and regenerative tourism plans, Cancun news...
Puerto Vallarta news roundup

Today’s Puerto Vallarta news roundup on security and holidays

Today’s Puerto Vallarta news roundup covers the prison escape in Ixtapa, Playa Los Muertos Christmas...