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AT&T Ramps Up Expansion into Mexico with Acquisition of Nextel

AT&T Ramps Up Expansion into Mexico with Acquisition of Nextel

By Narayan Ammachchi AT&T has bought out another Mexican telecom firm, Nextel Mexico, quickly consolidating its position in the country where billionaire businessman Carlos Slim’s telecom firms dominate the market. The U.S. telecom giant paid US$1.8 billion for the wireless assets, ...

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A New International Airport in Limon, Costa Rica?

A New International Airport in Limon, Costa Rica?

By Narayan Ammachchi International aviation infrastructure firm Mel Group has offered to finance construction of an international airport in Puerto Limon, a coastal town in Costa Rica home to about 60,000 people. The airport, which would be built in Saborio Matina, 25 kilometers ...

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Brazil Raises Taxes on Imports, Fuel and Credit

Brazil Raises Taxes on Imports, Fuel and Credit

By Narayan Ammachchi Brazil has raised taxes on fuel, imports and consumer loans as Latin America’s biggest economy battles to narrow budget deficits. According to new Finance Minister Joaquim Levy, the tax rise will raise government revenue by US$7.8 billion ...

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Digicel Acquires the Bermuda Telephone Company

Digicel Acquires the Bermuda Telephone Company

By Narayan Ammachchi Digicel has agreed to acquire the Bermuda Telephone Company (BTC) in an attempt to keep up with Cable and Wireless, who bought Caribbean’s dominant telecom capacity vendor Columbus International last November. Analysts say the acquisition also puts Digicel in direct ...

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Facebook Launches Free Internet Service in Colombia

Facebook Launches Free Internet Service in Colombia

By Narayan Ammachchi Social networking giant Facebook has launched its Internet.org app on the Tigo network in Colombia to provide free access to basic Internet services. The app will not allow users to browse all websites, but it will enable ...

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Tata Communications to Purchase Capacity from Seaborn Networks

Tata Communications to Purchase Capacity from Seaborn Networks

By Narayan Ammachchi Indian telecom operator Tata Communications has signed up for Seaborn Networks’ yet-to-be-built submarine cable network, agreeing to purchase telecom capacity in large scale. The deal, analysts say, will strengthen the hand of Tata Consultancy Services (TCS), easing ...

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