Liberty Latin America completed its acquisition of AT&T’s wireless and wireline operations in Puerto Rico and the U.S. Virgin Islands over the weekend, in a deal worth $1.95 billion and that will add more than 1 million wireless subscribers and contracts to the new owner’s footprint. The deal also includes AT&T’s estimated 1,300 employees; network […]
The 2020 pandemic separates us, but the Web keeps us together. In these weird times, dressmakers, tailors and fashion designers turn to high technology to offer clothing that will help us survive the medical dangers of travel or to deal with social distancing. OVERALLS — One of the most recent novelties is a suit designed for travel […]
The Federal Communications Commission announced it has selected Liberty Puerto Rico and Claro Puerto Rico to receive a combined $127 million in funding through its Uniendo a Puerto Rico Fund to deploy broadband connectivity throughout the island. The companies participated in the FCC’s competitive Stage 2 funding round, which will allocate the money over 10 […]
Financial transactions processing firm Evertec reported total revenue for the quarter ended Sept. 30, 2020 of $136.5 million, an increase of 15% compared with $118.8 million in the prior year. The company attributed the revenue increase in the quarter to sales volume growth and a “high average ticket” as businesses reopened in Puerto Rico following […]
Many haven’t noticed it, but more and more business websites are now attached to the .io domain. This top country domain is about the British Indian Ocean Territory. It is administered by the Internet Computer Bureau, a domain name registry company based in the United Kingdom, But, recent years have seen it become synonymous with start-up firms […]
The U.S. Department of Justice gave its consent to Liberty Latin America’s acquisition of AT&T’s wireless and wireline operations in Puerto Rico and the U.S. Virgin Islands but required Liberty to sell off certain B2B operations that are part of their footprint in Puerto Rico. Liberty Latin America expects a preliminary court order in the […]
The Fiscal Agency and Financial Advisory Authority, or AAFAF, released a Request for Proposals to select an administrator for what it is calling the Broadband Infrastructure Fund, to expand the service into Puerto Rico’s rural areas. The government will allocate $400 million during Fiscal 2021 to support expansion efforts in unserved and underserved areas and […]
Puerto Rico Gov. Wanda Vázquez announced the allocation of $90 million in federal funds to subsidize the cost of internet connections for all public school students and teachers, which they will be able to request through Nov. 30, 2020. The aid, available through the CARES Act, will be up to $400 per participant and will […]
Formerly known as G Suite, Google’s new version of Workspace is a workable alternative to other mainstream document processors such as Microsoft Word and Apple Works. And probably cheaper, too. Workspace is less than $6 a month, unless, of course, one wants to upgrade to a more professional suite. I say workable because many corporations […]
Pedro Pierluisi, the 61-year-old gubernatorial candidate for the New Progressive Party, believes that Puerto Rico should serve as a bridge for the U.S. mainland to gain “better access to the Americas,” according to his economic development proposals posted on his campaign website. Pierluisi strongly believes in: carrying out a realistic and transformative reengineering of how […]
Several hundred Puerto Rico-based schools, municipalities and nonprofits will receive more than $5.5 million from the Federal Communications Commission’s E-Rate funding program to boost broadband services. The program is part of the Universal Service Fund, which has opened two funding windows so far this year. During the first round, the agency received 361 funding requests […]
Wireless carrier AT&T announced the availability of next-generation 5G technology across all of Puerto Rico, including Vieques and Culebra, as well as the U.S. Virgin Islands. AT&T began the deployment of the 5G network in June, starting with 58 municipalities, as this media outlet reported. The carrier also announced the availability of the new Apple […]
Centro CRECE, a nonprofit organization that cultivates solutions to promote self-management and growth, announced the launching of the “Competitiveness Toolkit” for Puerto Rico. This analysis, developed in collaboration with the firm Inteligencia Económica evaluates Puerto Rico’s competitiveness in a global market and presents necessary reforms to improve the environment of doing business, fostering entrepreneurship, and […]
The U.S. Small Business Administration, in consultation with the Treasury Department released a simpler loan forgiveness application late last week for Paycheck Protection Program (PPP) loans of $50,000 or less. This decision could affect a little more than 32,000 PPP loans granted in Puerto Rico, according to SBA data released earlier this year. This action […]
Puerto Rico has been awarded nearly $1.9 million for two projects — the Puerto Rico Science, Technology and Research Trust and the Migrant Health Center Western Region Inc. — that will provide enhanced access to telemedicine and online education to rural communities. The funding comes from the U.S. Department of Agriculture’s Distance Learning and Telemedicine (DLT) […]
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA