Verizon Communications Inc. and Vodafone Americas BV, a wholly owned subsidiary of Vodafone Group plc, plan to sell their 74-percent stake in Mexico’s third-largest wireless operator, Grupo Iusacell S.A. de C.V., to Mexican telecommunications service provider Movil Access S.A. de C.V., which said it was acquiring 100 percent of Iusacell’s stock for $10 million. Movil Access said it will launch tender offers in Mexico and the United States for all Iusacell shares in mid-July.”We envision that continued dynamism in the under-served Mexican wireless telephony market … together with the ample telecommunications infrastructure of Iusacell and a solid business model going forward, will permit us to complete a successful turn around benefiting Iusacell’s stakeholders,” said Ricardo Salinas, with Mobil Access’ parent company.
Sony Ericsson `dummy’ phones stolen from JFK
Sony Ericsson said that 25,000 of its mobile phones were stolen from the John F. Kennedy Airport Thursday night. “What the thieves did not know is that they were dummy display phones,” said spokeswoman Andrea Iraheta. The phones were designed for promotions. Had the phones been real, the loss would have been $5 million.
