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Telmex to see some synergies with América Móvil in 2011, CFO says – Mexico

Business News Americas | February 7, 2011 | Juan Pedro Tomás Mexican telecoms operator Telmex expects to see some synergies with its controlling company América Móvil (NYSE: AMX) this year, Telmex CFO Adolfo Cerezo said in a conference call with investors. "We will have some synergies...

Mexico's Telcel says 3G network problem solved

Nasdaq.com | February 7, 2011 | Anthony Harrup MEXICO CITY -(Dow Jones)- The Mexican unit of mobile phone giant America Movil SAB (AMX, AMX.MX) said Friday that it has identified and is in the process of fixing a problem of interference that caused recent loss...

Mexico’s Telcel says 3G network problem solved

Nasdaq.com | February 7, 2011 | Anthony Harrup MEXICO CITY -(Dow Jones)- The Mexican unit of mobile phone giant America Movil SAB (AMX, AMX.MX) said Friday that it has identified and is in the process of fixing a problem of interference that caused recent loss...

UPDATE 2-Mexico's Telmex profit slumps 32 pct on tax hit

Reuters | February 3, 2011 | Michael O'Boyle and Tomas Sarmiento * Net profit of 3.39 bln pesos below estimates * EBITDA and revenues also miss, taxes higher * Sheds 291k line, adds 835k broadband, yr/yr (Adds detail on broadband subscribers) Billionaire Carlos Slim's  Telmex, Mexico's...

UPDATE 2-Mexico’s Telmex profit slumps 32 pct on tax hit

Reuters | February 3, 2011 | Michael O'Boyle and Tomas Sarmiento * Net profit of 3.39 bln pesos below estimates * EBITDA and revenues also miss, taxes higher * Sheds 291k line, adds 835k broadband, yr/yr (Adds detail on broadband subscribers) Billionaire Carlos Slim's  Telmex, Mexico's...

Mexico's regulator seeks sanctions against mobile operators

Automated Trader | February 2, 2011 | Anthony Harrup MEXICO CITY -(Dow Jones)- Mexico's telecommunications regulator Cofetel said Wednesday it has proposed fines against three of the country's mobile-phone operators for failing to advise customers when they will start...

Mexico’s regulator seeks sanctions against mobile operators

Automated Trader | February 2, 2011 | Anthony Harrup MEXICO CITY -(Dow Jones)- Mexico's telecommunications regulator Cofetel said Wednesday it has proposed fines against three of the country's mobile-phone operators for failing to advise customers when they will start...

UPDATE 3-Tycoon Slim plans more investment in Mexico in 2011

Reuters | January 31, 2011 | Cyntia Barrera Diaz and Veronica Gomez * Slim, world's richest person, to invest $3.6 bln in Mexico * Mine unit looking to expand in Mexico and beyond * Held conference at art-packed Mexico City office (Adds details on Swecomex, Dish) MEXICO...

Carlos Slim: World's richest man

CNBC | January 2011 | Michelle Caruso Cabrera Mexico's Carlos Slim tells CNBC's Michelle Caruso Cabrera about the businesses he owns, what he's going to do with his wealth, and where he may be investing next. Video via CNBC

Carlos Slim: World’s richest man

CNBC | January 2011 | Michelle Caruso Cabrera Mexico's Carlos Slim tells CNBC's Michelle Caruso Cabrera about the businesses he owns, what he's going to do with his wealth, and where he may be investing next. Video via CNBC

UPDATE 1-Mexico's America Movil offers to swap Telmex debt

* America Movil offers extends to 1.3 bln of Telmex notes * Investors have until March 3 to swap debt (Recasts, adds amount of debt swap and deadline) Jan 31 (Reuters) - Mexican billionaire Carlos Slim's flagship telecommunications provider America Movil said on Monday it would...

UPDATE 1-Mexico’s America Movil offers to swap Telmex debt

* America Movil offers extends to 1.3 bln of Telmex notes * Investors have until March 3 to swap debt (Recasts, adds amount of debt swap and deadline) Jan 31 (Reuters) - Mexican billionaire Carlos Slim's flagship telecommunications provider America Movil said on Monday it would...

Latin American eCommerce is 'Just Beginning,' declares Francisco Ceballos, MercadoLibre Mexico's country manager

Mercado Libre | January 27, 2011 | Press Release Regional Online Sales Growth Exceeds 30 Percent Annually NEW YORK, NY--(Marketwire - January 27, 2011) - According to Francisco Ceballos, Country Manager at MercadoLibre Mexico, internet sales in Latin America have grown at a compounded rate...

Latin American eCommerce is ‘Just Beginning,’ declares Francisco Ceballos, MercadoLibre Mexico’s country manager

Mercado Libre | January 27, 2011 | Press Release Regional Online Sales Growth Exceeds 30 Percent Annually NEW YORK, NY--(Marketwire - January 27, 2011) - According to Francisco Ceballos, Country Manager at MercadoLibre Mexico, internet sales in Latin America have grown at a compounded rate...

Intel to accelerate innovation expenditures

Business News Americas | January 28, 2011 | Matthew Malinowski The Latin America division of US chip manufacturer Intel (NYSE: INTC) plans to shuffle more budget toward innovation efforts this year, the company's Latin America general director, Steve Long, told BNamericas without providing hard figures. Intel...

Satélites Mexicanos, S.A. De C.V. announces comprehensive recapitalization

Satmex | January 25, 2011 | Press Release MEXICO, D.F.--(BUSINESS WIRE)--Satélites Mexicanos, S.A. de C.V. (“Satmex” or the “Company”) announced that it has reached an agreement with the holders (the “Supporting ...

Sicap extends its footprint to Latin America

Sicap | January 24, 2011 | Press Release BERNE, Switzerland--(BUSINESS WIRE)--Sicap has today announced its commercial presence in Mexico, thereby extending its network to Latin America. With 12 offices across the ...

Mexican regulator asks Telmex to reduce its prices, Reforma says

Bloomberg | January 18, 2011 | Giselle Rodriguez Mexico’s Federal Telecommunications Commission asked Teléfonos de México SAB de CV to further reduce prices for basic services, Reforma reported, citing Mony de Swaan, president of the regulatory agency known as Cofetel. If no agreement is reached, the...

America Movil eyes US$340M to boost Dominican subsidiary

Dominican Today | January 19, 2011 Santo Domingo.- The telecom Claro Codetel, subsidiary of America Movil, plans to invest RD$12.6 billion (more than US$340 million) in Dominican Republic this year, revealed its president yesterday. Oscar Peña, interviewed by listin.com.do, revealed that by April the company will...

AT&T Signs AT&T Telepresence Solution® Agreement With Telmex

AT&T | January 18, 2011 | Press Release DALLAS, Jan. 18, 2011 /PRNewswire/ -- AT&T* today announced that the Mexican telecommunications service provider Telmex will offer its customers in Mexico improved, seamless telepresence services by providing them access to the AT&T Business Exchange, a feature...

AT&T Signs AT&T Telepresence Solution® Agreement With Telmex

AT&T | January 18, 2011 | Press Release DALLAS, Jan. 18, 2011 /PRNewswire/ -- AT&T* today announced that the Mexican telecommunications service provider Telmex will offer its customers in Mexico improved, seamless telepresence services by providing them access to the AT&T Business Exchange, a feature...

Fitch Upgrades Alestra's IDRs to 'BB-'; Outlook Stable

Business Wire | January 14, 2011 | Press Release MONTERREY, Mexico--(BUSINESS WIRE)--Fitch Ratings has taken the following rating actions for Alestra, S. de R.L. de C.V.'s (Alestra) Issuer Default Ratings (IDRs) and outstanding ...

Fitch Upgrades Alestra’s IDRs to ‘BB-‘; Outlook Stable

Business Wire | January 14, 2011 | Press Release MONTERREY, Mexico--(BUSINESS WIRE)--Fitch Ratings has taken the following rating actions for Alestra, S. de R.L. de C.V.'s (Alestra) Issuer Default Ratings (IDRs) and outstanding ...

Lack of regulatory clarity holding back LTE in Latin America – GSA – Regional

Business News Americas | January 18, 2011 | Patrick Nixon LTE is the fastest-developing system in the history of mobile telecommunications, with 180 operators around the world investing in the technology, but a lack of regulatory clarity is the main obstacle holding back Latin America,...