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Americas

China Development Bank to loan Nextel Mexico cash for Huawei network

NII Holdings, the company which offers services in a number of Latin American markets using the Nextel brand, said that Nextel Mexico will receive a US$375 million loan from the China Development Bank, which will be used to acquire 3G network equipment from Huawei Technologies.

America Movil posts solid Q2 despite home pressure

Latin America operator giant America Movil reported a 14 percent rise in second-quarter profit yesterday, shrugging off recent regulatory pressures in its home market of Mexico.

Millicom sells-off towers in Columbia

Millicom has announced the sale of up to 2,126 towers owned by its Colombian subsidiary, Colombia Movil, to American Tower for US$182 million in cash.

Reports: PT eyes merger with Oi in Brazil

Portugal Telecom (PT) is mulling a full merger with its Brazilian partner, Tele Norte Leste – better known as Oi – reports Dow Jones Newswires.

Telefonica plans LatAm mobile money push

LIVE FROM GSMA MOBILE MONEY SUMMIT 2011: Telefonica has vowed to learn the lessons from the early mobile money schemes in Asia and Africa as it begins its rollout of mobile financial services across Latin America.

Telefonica and America Movil pick up Costa Rica clearance

Telefonica’s Movistar and America Movil’s Claro units are reported to have picked-up authorisation to launch their operations in the Costa Rican market, once they pay the relevant licence fees.

Mexico planning action against substandard mobile services

Cofetel, the Mexican telecoms regulator, has proposed sanctions on five mobile phone providers for providing a sub-standard service, Reuters reports.

Digicel announces solid growth

Caribbean mobile operator Digicel posted EBITDA of US$954 million for the year to 31 March 2011, up 27 percent year-on-year, on revenue of US$2.23 billion, also up 27 percent, with subscriber numbers up 6 percent to 11.5 million across its 32 markets.

Virgin to launch MVNOs across Latin America

UK-based Virgin Group is to launch MVNO services across Latin America as part of a partnership with another MVNO specialist, Tribe Mobile, reports the Financial Times

America Movil stock falls on regulation fears

Shares in Latin American telecoms giant America Movil fell 4 percent to a year low on Friday after Mexican regulators said that news rules aimed at curbing the operator’s dominance in the country could be introduced as early as this month