Mexico's Grupo Salinas said on Wednesday its chairman will buy out its partner Grupo Televisa's (TLVACPO.MX) 50 percent stake in the country's No. 3 wireless operator Iusacell for $717 million and seek a strategic partner to build up the carrier.
Mexico
Citi's consumer banking head plans to leave: WSJ
Manuel Medina-Mora, head of Citigroup Inc's (C.N) consumer banking and chairman of the company's troubled Mexico unit, is preparing to leave in the coming months, the Wall Street Journal reported, citing people with knowledge of the situation.
Mexico's Grupo Aleman to buy Oceanografia
Mexico's Grupo Aleman, which owns the airline Interjet, on Wednesday said it has agreed to buy Oceanografia, the bankrupt oil services company at the center of a loan scandal that cost Citigroup more than $500 million.
Slim says America Movil asset sale not just Mexican east coast
Billionaire Carlos Slim said on Tuesday that America Movil is trying to sell assets from Mexico's west Coast and the border with the United States, not just the east coast, as part of a previously announced divestiture.
AT&T 'intrigued' by Mexico, Latin America : exec
AT&T Inc is "intrigued" by Latin America and especially Mexico and would not rule out an opportunistic deal there even as it seeks to complete its $48.5 billion planned takeover of DirecTV, an AT&T executive said at a conference on Tuesday.
Latest News
Renowned British architect Norman Foster and a son-in-law of Mexican tycoon Carlos Slim have won a design contract for a new $9.15 billion airport for Mexico City, a source familiar with the decision said on Tuesday.
Washington is facing growing international pressure to ease its long standing ban on crude oil exports, with South Korea and Mexico joining the European Union in pressing the case for U.S. oil shipments overseas.
Menlo Park, US-based printer giant Hewlett-Packard (HP) settled with the US Department of Justice (DOJ) and the Security and Exchange Commission for $108 million over the bribery and money laundering charges filed against it.
Dalia, Israel-based water measurement solutions and services provider Arad Group picked up a controlling stake in Mexico-based water meter manufacturer Cicasa for $2.04 million to gain access to the Latin American market.
The $31 million deal between Dish Network Corp and Grupo Elektra for the sale of Blockbuster Mexico allows the video rental service to continue to live on as an upscale chain in Mexico, Bloomberg reported.
PricePanda, a price comparison website, was able to get new funds from German retailer Tengelmann Group worth $3 million to expand the site to other South Asian markets, TechCrunch reported.
Mexico-based supermarket operator Controladora Comercial Mexicana SAB said it has conducted talks with possible acquirers, both foreign and local, for the sale of its business, Bloomberg reported.
Mexican tycoon Carlos Slim has decided to hike America Movil's stake in Telekom Austria to 26.8% by consolidating his company and family holdings in the Austrian telecom firm.
Mexico-based state oil company Pemex will shell out $475 million to acquire and revamp a Veracruz-based fertilizer production plant in a deal that would allow the firm to supply 75% of Mexico's demand for urea.
