In a new twist to the changing Mexican telecom market, Telefónica is reportedly in talks to acquire Grupo Iusacell, a deal that could be worth up to $4 billion, according to local newspaper El Confidencial. Rumors have been circulating since early June that the two were considering a merger. In a regulatory...
With more than 5.3 billion mobile connections across the globe, the wireless industry continues to chase worldwide saturation.To the surprise of few, the world's most populous nations – China and India – are also the world's largest mobile markets. China continued to lead the...
MEXICO CITY-Mexican wireless carrier Grupo Iusacell selected Lucent Technologies Inc. to supply CDMA2000 1x EV-DO network equipment in the cities of Mexico City, Monterrey and Guadalajara. The value of the deal was not disclosed.Under the terms of the agreement, Lucent will upgrade existing Lucent-supplied...
MEXICO CITY-Grupo Iusacell said it has agreed to integrate Qualcomm's BREW offering into its CDMA system. This will allow the carrier's customers to access a slew of applications including e-mail, screen savers, games and ring tones on their wireless devices."In Iusacell, we want to...
MEXICO CITY-Mexican mobile company Grupo Iusacell announced details of a reverse split of its stock. Iusacell said its Series A and Series V shares will be exchanged Dec. 19 for new common, ordinary, registered shares with no par value at a ratio of 20...
MEXICO CITY-Mexican mobile operator Grupo Iusacell said its customers can now send short message service messages to rival operators Telecel's and Unefon's handsets in the United States, Canada and Peru. Iusacell said subscribers of its SMS service, called ReK2, can send text messages to...
Verizon Wireless continued to distance itself as the nation's largest wireless carrier during the second quarter, posting 1.3 million net customer additions, which is more than double the customer growth that four of its five nationwide competitors have posted during the quarter. The operator...
MEXICO CITY-The previously announced agreement on the sale of Verizon Communications Inc.'s and Vodafone Group plc's stakes in Mexican mobile operator Grupo Iusacell SA came under doubt late last week when U.S.-based Fintech Advisory offered $20 million in a counter offer for the debt-ridden...
MEXICO CITY-Verizon Communications Inc. and Vodafone Group plc have reportedly rejected a sale of their controlling interest in Mexican wireless carrier Grupo Iusacell SA submitted by UBS Securities L.L.C.Iusacell said in a government filing that Verizon and Vodafone "won't conduct any kind of negotiation...
REDMOND, Wash.-As previously announced by Cesky Telecom, AT&T Wireless Services Inc. said it has signed an agreement to jointly sell with Verizon Communications Inc. a 49-percent interest in Czech Republic wireless operator Eurotel Praha to Cesky Telecom for $1.05 billion. Proceeds from the sale...
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...
MEXICO CITY-Verizon Communications Inc. and Vodafone Americas BV, a wholly-owned subsidiary of Vodafone Group plc, plan to sell their approximately 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.,...
GAITHERSBURG, Maryland, United States—ACE*COMM announced that Mexico's Grupo Iusacell has selected its Convergent Mediation platform to collect and process use records to produce billable record formats.According to ACE*COMM, the system captures, secures, validates, correlates and augments data from network elements, and warehouses and distributes...
LUXEMBURG—Gemplus said it partnered with Mexican operator Grupo IUSACELL to successfully trial its reusable User Identity Module (UIM), which will allow end users to roam between standards.The similar subscriber identity module (SIM) cards allow roaming only between GSM networks.
MexicoMexican wireless carrier Grupo Iusacell S.A. de C.V. said it does not have any current intentions of filing for an equity offering in Mexico. The company has long been interested in enhancing its liquidity in the Mexican market and noted that in the future,...
Roberto Colaninno, chairman and chief executive of Telecom Italia, formally abandoned the financial restructuring plan he announced in September. The boards of Olivetti and Tecnost agreed to scrap the plan, which included the transfer of Telecom Italia's 60-percent controlling stake in Telecom Italia Mobile...
Nuevo Grupo Iusacell S.A. de C.V. seems to be making moves to establish a nationwide wireless presence in Mexico.Bell Atlantic Global Wireless Inc. confirmed it is in discussions regarding a combination or alliance that would involve Iusacell, in which Bell Atlantic has a 47-percent...
MEXICO CITY-Nuevo Grupo Iusacell S.A. de C.V. announced two offerings.The first is for the exchange of its full-voting series V American Depository Shares and shares on a one-for-one basis for all series D and L ADSs and shares of Grupo Iusacell S.A. de C.V.The...
To increase the secondary market trading liquidity of Grupo Iusacell's public equity and to give the Mexico City-based wireless carrier greater access to debt financing, a new but allied entity has filed with securities regulators in the United States and Mexico for two related...
The domestic telecom market is abuzz with mergers, acquisitions and mega-deals. The industry is consolidating again, not so long after AT&T Corp. was broken up into Baby Bells; cellular and then personal communications services licenses were awarded, and carriers of all stripes began competing...
MEXICO CITY-Grupo Iusacell has announced plans to obtain about $60 million in equity infusions from its two major shareholders, Bell Atlantic Corp. and the Peralta Group, during the next several months."The capital will fund additional analog and network investments and handset purchases needed...
ORLANDO-Economic problems elsewhere in the world have hit home in Mexico's new personal communications services market. Two of the PCS license winners there-Midicel and the SPC consortium-have announced they are worried about being able to make final payments for their licenses, due Sept. 30,...
WASHINGTON-The Mexican government will auction new frequencies for paging, narrowband PCS (two-way paging), trunking and point-to-point microwave. The auctions are scheduled for late 1998 and early 1999, depending on the service, according to the Comision Federal de Telecomunicaciones (Cofetel), Mexico's regulatory agency.Earlier this year,...
BrazilBrazilian B-band operator Americel will deploy Northern Telecom Ltd.'s (Nortel's) Small Wireless Switch to fulfill its concession obligation of serving all state capitals in its coverage area within one year of operation.BCP S/A, Brazilian B-band operator for the metro region of S
