Mega TV expands reach to Orlando with new $1M TV, radio platform
September 16, 2020
ORLANDO, FL — Puerto Rico-based television broadcaster Mega TV is expanding its audience reach to Orlando with the launch of affiliate station Mega TV Orlando Canal 21 embarking on a mission to capture the big Puerto Rican community and Hispanics in Central Florida. The company invested $1 million in the venture. And it is not […]
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Liberty Puerto Rico officially unveils next-generation Hub TV service
September 16, 2020
Liberty Puerto Rico announced official the launch of its new video product, Hub TV, following several months of testing the next-generation service. Developed through a partnership between Liberty Latin America (LLA) and TiVo, the internet protocol television console uses the full cloud-based TiVo platform to give customers a hyper-personalized multimedia entertainment experience. This service is […]
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Puerto Rico residents have filed 2K+ bankruptcy cases since mid-March
September 11, 2020
A total of 2,081 petitions have been filed in Puerto Rico’s bankruptcy courts since Gov. Wanda Vázquez implemented the first lockdown measures related to the COVID-19 pandemic, research firm Boletín de Puerto Rico revealed. The report breaks down weekly filings, showing that the week of May 25-31 reflected the highest number of petitions, at 157 […]
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Aeronet wins 224 3.5GHz licenses from FCC, following $11M investment
September 9, 2020
High-speed business internet service provider AeroNet announced that following an investment of more than $11 million, it won 224 3.5 GHz mid-band spectrum licenses through a Federal Communications Commission auction. The licenses cover more than 80% of Puerto Rico, company officials said. AeroNet, one of the top winners at the auction, aims to “continue its […]
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Tech firm BrainHi’s virtual assistant helps hundreds of local businesses
September 3, 2020
BrainHi, a technology company founded and developed in Puerto Rico, has deployed its virtual automated messaging, call rescue, and appointment management application among more than 300 island businesses to respond to the challenges of the COVID-19 pandemic. The company’s service responds to required safety protocols and to how the pandemic has changed the way of […]
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Puerto Rico Dept. of Transportation launches virtual license on its app
September 3, 2020
The Department of Transportation and Public Works (DTOP, in Spanish) announced an upgrade to its CESCO Digital mobile app, which among other things, features a virtual driver’s license. The feature, which will become available after the Puerto Rico Legislature approves the required legal aspects, will show a full version of driver’s license and will display […]
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Puerto Rico’s Economic Activity Index reflects YoY drops in May and June
August 28, 2020
Puerto Rico’s Economic Activity Index for May and June 2020, which reached levels of 109.7 and 108.8, respectively, reflect month-on-month reductions of 3.5% and 0.8% and decreases of 10.2% and 10.8% when compared with the same months of the previous year. The separate monthly reports published by the Puerto Rico Economic Development Bank are the […]
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Abexus Analytics unveils Google-based mobility tool that could shape COVID-19 strategies
August 27, 2020
Puerto Rico-based business intelligence firm Abexus Analytics has developed and made freely available the Abexus Mobility Insights tool, which tracks cellphone data using Google Mobility’s database and could help the government establish public policy related to the COVID-19 pandemic. The tool follows how island residents move across all 78 towns and has already produced multiple […]
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Institutional fraud represents $2.4B in losses for Puerto Rico’s economy
August 27, 2020
Institutional fraud takes a $2.4 billion bite out of Puerto Rico’s economy, representing at least 3.5% of gross revenue, according to the “Portrait of Fraud in Puerto Rico 2020” study revealed by the Puerto Rico Society of CPAs. “The term occupational fraud can be defined as those acts committed by employees with the objective of […]
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FCC opens $504M funding window for telecom upgrades in Puerto Rico
August 10, 2020
The Federal Communications Commission announced it will accept proposals from telecommunications companies in Puerto Rico to receive funding from the “Uniendo a Puerto Rico Fund.” The fund has $504.7 million available during a 10-year period to support fixed broadband projects by companies in the Puerto Rico market. Another $186.5 million is available under the Connect […]
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Liberty Puerto Rico reports $109M in 2Q20 revenue, up 5.1% Y-O-Y
August 7, 2020
Lifted by efforts to help residential and business customers navigate the COVID-19 quarantine and lockdown, Liberty Puerto Rico reported $109 million for the second quarter, a 5.1% increase compared to the same period in 2019, and a 4.3% jump over the first quarter in 2020. The financial results showed that Liberty added 33,500 revenue generating […]
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Colecturía Digital Móvil app launched to sell Treasury Dept. vouchers
August 7, 2020
A new application called the Colecturía Digital Móvil was recently launched to ease the purchase of Treasury Department payment vouchers required for dozens of government transactions, particularly at the Department of Transportation and Public Works’ Drivers Services Office (CESCO). Once the mobile app is downloaded, the user registers, selects the agency that requires the voucher, […]
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AeroNet partners with Facebook Connectivity to launch Wi-Fi service in Old San Juan
August 6, 2020
Puerto Rico-based business internet service provider AeroNet this week launched a new, advanced Wi-Fi service in Old San Juan, in partnership with Facebook Connectivity. The new service is powered by Facebook Connectivity’s Express Wi-Fi platform, which will enable AeroNet to provide its Wi-Fi service in a sustainable and scalable way, and Terragraph, a gigabit wireless […]
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Evertec 4% revenue drops to $117.9M in 2Q20
August 5, 2020
Evertec Inc. today announced results for the second quarter ended June 30, 2020, which reflected a revenue decrease of 4% to $117.9 million, compared with $122.5 million in the prior year. The revenue decline in the quarter reflected a slowdown in transactions resulting from COVID-19 with sequential monthly recovery as businesses reopened in Puerto Rico […]
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T-Mobile, Sprint merge under one brand across Puerto Rico
August 4, 2020
Four months after closing its merger with Sprint, wireless carrier T-Mobile announced it has wrapped up unifying the brands as one across the U.S. mainland and Puerto Rico. T-Mobile rebranded 20 Sprint stores across Puerto Rico and the U.S. Virgin Islands, pushing its new number of stores, kiosks, mobile units and trailers to 70, company […]
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