América Móvil SAB is teaming up with Citigroup Inc.'s Banamex and the financial services Grupo Financiero Inbursa SAB in a $50 million mobile banking joint venture. Called Transfer, the joint venture will store and manage bank accounts associated with a cell number across the...
Over the next three years, the UK-based firm BT Global Services, part of BT Group plc, will double its business in Latin American countries. Although the company does not disclose regional numbers, its current Latam revenue is estimated at $500 million. The company believes...
Virgin Group is planning to begin a mobile virtual network operator service in Chile during the first quarter of next year. “We already have an agreement with one operator,” said Peter Macnee, president and CEO for Virgin Mobile Latin America. Macnee did not reveal...
Mexican carrier Telcel is preparing to launch LTE services in 2012. Currently, the America Movil-owned carrier is working on trials, with plans for a pilot project scheduled for the last quarter of the year. Deployment is likely to be in large cities, such as...
The Mexican Secretary of Communications and Transport said that it may allow bidding on a portion of nearly 190 megazhertz of spectrum currently held by the firm MVS Communicaciones in the 2.5 GHz band to help promote more efficient use of spectrum.
Initially the 2.5...
The governments of Mexico and Colombia have signed a Memorandum of Understanding for Cooperation on Telecommunications and Information Technology that cover actions both countries are taking to prevent illegal trade in stolen phones.
At the meeting in advance of the pact, Colombian ICT Minister Diego Molano Vega and his...
American Tower Corp. (AMT) said its international markets in Mexico, Brazil and India are experiencing strong growth due to new spectrum and technology deployments during second-quarter earnings. Overall, the company reported an increase of 27.1% in its total revenue compared to the same period of 2010,...
Mexican telecom giant América Móvil, owned by billionaire Carlos Slim, is offering US $6.5 billion to acquire from shareholders the entire ownership of its fixed-line operation Telefonos de Mexico SAB or Telmex.
Currently, América Móvil owns 59.4% and is the biggest shareholder of Telmex. The...
With presences in Mexico, Brazil, Argentina and Peru, NII Holdings Inc. said it plans to continue to invest in the expansion of the coverage and capacity of its networks and develop and deploy third-generation networks. Consolidated second-quarter 2011 capital expenditures totaled US $304 million,...
Online film-rental service Netflix and Mexican broadcaster Grupo Televisa have agreed to a partnership where Netflix will distribute Televisa soap operas and other programs. The TV broadcaster will provide about 3,000 hours of shows a year.
In a statement, Televisa said this was an important first step plan...
Expecting a transformation in Latin America’s telecommunications networks, Ciena Corp. said it believes region will grow at higher rates than other markets. “Latam is one area of great growth for Ciena. We are moving into more markets and growing tremendously,” said Fabio Medina, sales VP...
Net income for the second quarter at Mexican fixed line incumbent Telefonos de Mexico SAB fell 11.8% from the year-ago period. Telmex’s revenue also dropped 2.9% from the year-ago period to 27.614 billions pesos (US$ 2.357 billions).
From April to June 2011, earnings were 11.074...
NEC Corp., Japan’s biggest telecommunications equipment maker, is very optimist about Latin America. Its operations in countries such as Mexico, Brazil, Colombia and Chile is addressing important growth, and the region will play a crucial role to help NEC reach its goals. The company...
The Cisco jobcuts will be more extensive than analysts expected, it was revealed on Tuesday, with 11.500 jobs set to be culled, as the firm also announced the sale of its factory in Mexico to Taiwanese firm Hon Hai Precision industry, better known as...
Around the world, Blue Coat is working to adjust its portfolio and transform itself into a company that addresses Web security, WAN optimization solutions, and offers cloud computing tools. In this direction, Blue Coat has just released CloudCoaching Engine, a new generation of WAN...
Mexican telecoms regulator Cofetel (Comisión Federal de Telecomunicaciones) has approved a resolution that classifies as open use of spectrum bands frequencies from 71-76 GHz and 81-86 GHz. These frequency bands can display multiple links of short range in areas at data rates that are...
Alfa and AT&T Inc. announced on July 12 that Alfa had finalized its purchase of AT&T's 49% stake in Mexican telecom company Alestra. The transaction was originally announced in April 2011. Now, Alfa is now the sole shareholder of Alestra.
The transaction was approved by...
Alfa and AT&T Inc. announced on July 12 that Alfa had finalized its purchase of AT&T's 49% stake in Mexican telecom company Alestra. The transaction was originally announced in April 2011. Now, Alfa is now the sole shareholder of Alestra.
The transaction was approved by...
A number of emerging nations are highlighted in analyst Chetan Sharma's telecommunications predictions, released earlier this month. Brazil takes fifth place in total number of subscribers, while Mexico takes the 10th spot. China leads in the number of subscribers, but the U.S. dominates in...
Mobile value-added sales (VAS) in Mexico generated revenues of US$1 billion for mobile operators during the first quarter of 2011, said the second edition of MAVAM Mexico (Acision Monitor of Mobile Added Value).
According to the study, Mexico represents 21% of VAS sales in Latin...
Mexico’s telecommunications sector grew 12.7% in the first quarter of the year, compared with the same period in 2010. During the first three months of 2011, satellite television continued as the most dynamic growth sector, followed by international long-distance traffic and mobile telephony traffic.
Mobile...
Cellular service throughout Latin America is about to get a jolt as wireless operators deploy advanced-generation networks capable of carrying all kinds of content across the airwaves. From Brazil to Mexico, governments are auctioning off new 3G and 4G spectrum bands to try to...
Shopfloor | May 26, 2011
This morning the United States signed an agreement with Mexico that should significantly improve the competitiveness of U.S. telecommunications equipment in the important and growing Mexican market. In 2010, bilateral trade in these products totaled about $25 billion.
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Technicolor | May 26, 2011 | Press Release
Paris (France), 26 May 2011 - Technicolor (Euronext Paris: TCH) has won a contract to supply a Cirpack softswitch to Cablemás, one of the leading providers of cable television in Mexico for almost 40 years, and now...
