P.R. gas prices still below US levels
April 21, 2011
As the price of gasoline officially soared to more than $4 a gallon in six U.S. jurisdictions, and counting, the price for gasoline in Puerto Rico remained slightly below that threshold over the weekend.
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AT&T files FCC petition for approval of T-Mobile buyout
April 21, 2011
Exactly 30 days after announcing plans to acquire rival wireless carrier T-Mobile, AT&T Inc. filed Thursday the petition for authorization of the transaction at the Federal Communications Commission, the agency confirmed on its website.
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América Móvil hit with record $1B fine in Mexico
April 19, 2011
Mexico’s Federal Competition Commission has slapped América Móvil with a $1 billion fine for monopolistic practices following a probe launched in that country in 2006. The watchdog agency determined the company, which commands 71 percent of Mexico’s mobile market through its Telcel subsidiary, is abusing its dominant position.
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Island bankruptcies up 3% in March, 6% in 1Q ’11
April 19, 2011
Puerto Rico’s bankruptcy levels continued their seemingly unstoppable upward trend in March, when the total number of cases filed, 1,103, were 3 percent higher than the number on record for the same month in 2010.
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MIDA survey shows consumer shift from grocery store to restaurant
April 14, 2011
Puerto Rican consumers appear to be shifting toward eating out more than going to the grocery store, according to the results of a study commissioned by the Food Marketing Industry and Distribution Chamber released Wednesday that indicates a 12.1 percent drop in how much they spent last year on unprepared food.
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FCC chief economist airs concerns over AT&T/T-Mobile merger
April 14, 2011
The proposed transaction has yet to be submitted to the Federal Communications Commission for consideration, and the agency’s chief economist, Jonathan Baker, is already raising concerns about the deal’s potential increase on wireless prices.
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Government: ‘Pro-growth’ economic policy should yield positive results in ’12
April 9, 2011
The government’s economic team, headed by Gov. Luis Fortuño, told Puerto Rico investors on Friday that while the island’s economy will not see growth until 2012, it is on an improvement track.
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AT&T to charge more for early device upgrades, no-contract purchases
April 5, 2011
AT&T’s new upgrade fees will apply to a number of smartphone devicesin its portfolio. AT&T customers looking to trade in their mobile phones before their 24-month contract is up, but are not eligible for an upgrade, will have to pay more for the change — on top of the cost of the device — as […]
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Survey: P.R. consumers earn less or the same vs. ’10, but spend more at the register
April 5, 2011
Puerto Rican consumers who earned the same or less than they did last year are spending more on the food they buy, according to a poll conducted by Professional Market Research.
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GDB economic activity index shows 0.4% growth in February
April 3, 2011
Puerto Rico’s Economic Activity Index for February showed the first month-over-month increase, of 0.4 percent in comparison to January, since October 2010, the Government Development Bank said Sunday.
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OneLink begins all-digital system conversion
April 2, 2011
San Juan metropolitan area cable television provider OneLink has begun the conversion of its basic cable signal to digital format, a process that adds quality to the service and will affect thousands of customers who currently do not use a set-top box to watch television.
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NY Fed chief: P.R. showing signs of improvement
April 1, 2011
Puerto Rico’s economy may be showing signs that it is finally emerging from the recession it has been under for the past five years, but conditions still remain difficult for many as the island pulls out of its slump, Federal Reserve Bank of New York President William Dudley said Friday in a presentation during the E-3 Summit of the Americas conference in San Juan.
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Significant transactions that changed Puerto Rico’s wireless landscape in the last decade
March 21, 2011
October 2004 — The former Cingular Wireless, a joint venture of SBC Communications and BellSouth, completed a $41 billion merger with AT&T Wireless Services Inc., formerly part of AT&T Corp. But the changes did not stop there. In December 2006, Cingular became wholly owned by the new AT&T as a result of the latter’s acquisition […]
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AT&T to buy T-Mobile for $39B, deal includes P.R. market
March 20, 2011
Wireless telecom giant AT&T disclosed plans Sunday to acquire competitor T-Mobile USA for a cash and stock transaction worth $39 billion from its parent, Deutsche Telekom. In Puerto Rico, the deal would represent the marriage of the number one and number three wirele ss carriers, the reduction of the number of players to four, and […]
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P.R.’s Internet population grows 8% in past year to 1.2M; up 15% in Latin America
March 19, 2011
The number of people age 15 and older accessing the Internet in Puerto Rico grew about 8 percent year-over-year to about 1.2 million, according to the results of a study conducted by comScore Inc., a leader in measuring the digital world. Despite the modest growth result for the island, the positive performance evidences a growing […]
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