Puerto Rico telecom co.’s take FCC’s ‘Keep Americans Connected’ pledge
March 17, 2020
Three Puerto Rico-based technology and telecommunications service providers have responded to the Federal Communications Commission’s call to assist consumers during the COVID-19 crisis. On March 13, FCC Chairman Ajit Pai called on broadband and telephone service providers to promote connectivity to people affected by the disruptions caused by the coronavirus COVID-19, to ensure they do […]
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FCC proposes $200M+ in fines against wireless carriers for selling location info
March 3, 2020
The Federal Communications Commission has proposed fines against the four largest wireless carriers serving the U.S. mainland — three in Puerto Rico — for apparently selling access to their customers’ location information without taking reasonable measures to protect against unauthorized access to that information. As a result, T-Mobile faces a proposed fine of more than […]
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Evertec announces 8% jump in 4Q19 revenue to $127.2M, up 7% to $487.4M for year
February 26, 2020
Puerto Rican transaction processing firm Evertec announced it a revenue increase of 8% to $127.2 million during the fourth quarter in 2019, and revenue growth of 7% to $487.4 million for the full year ended Dec. 31, 2019. “We’re pleased with our financial results for the year and with the advancement of our key growth […]
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Liberty P.R. reports $412M in revenue in FY19, a 23% year-over-year jump
February 21, 2020
Liberty Puerto Rico reported $412.1 million in revenue for fiscal year 2019, an increase of 23% year-over-year attributed to a “focus on innovation and customer experience, as it strives to transform into a quad-play services provider.” The provider, whose results positioned it as one of its parent company Liberty Latin America’s biggest regional performers in […]
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Locast plans to stream local TV channels across P.R. free over internet
February 21, 2020
Locast, the nonprofit local broadcast TV streaming service, plans to stream dozens of local TV channels via the internet across Puerto Rico this year, bringing important local news, weather and storm coverage, emergency information, sports, and entertainment programming to internet-connected devices. The announcement was made ahead of today’s hearing about resilient communications to be held […]
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Economic development experts launch Tax Incentives Association
February 21, 2020
A team of economic development experts from Puerto Rico announced the launch of the Tax Incentives Association (TIA), a nonprofit association created to educate, investigate, analyze economic results and serve as promoters of Puerto Rico’s economic development through the attraction of new and diverse investments into the island. TIA’s vision is to “have Puerto Rico’s […]
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Invest Puerto Rico creates recovery guide for quake-affected communities
February 20, 2020
As part of its commitment to support business continuity in those areas directly affected by the 6.4 magnitude earthquake that struck the southwest coast on Jan. 7, Invest Puerto Rico integrated in its PuertoRicoSigue.org platform a Community Guide for Economic Preparation and Recovery. This guide — created for the benefit of community leaders, chambers of […]
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Loon seeks FCC’s OK to launch project trial in P.R.
February 19, 2020
Loon, a subsidiary of Alphabet Inc. — Google’s parent company — has filed an application asking the Federal Communications Commission to grant an experimental license to conduct a market trial that calls for transmitting broadband service to maritime vessels from fixed base stations in Puerto Rico. In its petition, where most of the proprietary content […]
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Financial services forum to be held Mar. 18-19 in San Juan
February 17, 2020
Financial services and insurance will lead the conversation in the 2020 Financial Services Forum to be held in San Juan, on Mar. 18-19 at the Condado Vanderbilt Hotel. The two-day conference will feature local and international speakers, and will focus on the benefits of the island as a destination for business, covering Puerto Rico’s international […]
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AeroNet launches Facebook’s Terragraph technology in Old San Juan
February 14, 2020
High-speed business internet service provider AeroNet announced it will pilot Terragraph, a gigabit wireless technology by Facebook Connectivity, in Old San Juan. With Terragraph, AeroNet aims to deliver reliable and affordable high-speed broadband to the historic city. The trial deployment will improve on the city’s digital infrastructure and ensure greater availability of broadband services for […]
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U.S. District Court in New York approves T-Mobile/Sprint merger
February 12, 2020
T-Mobile US Inc. and Sprint announced that after receiving a favorable decision in U.S. District Court for the Southern District of New York the companies are now taking final steps to complete their merger to create the New T-Mobile. “T-Mobile has redefined itself over the past decade as a maverick that has spurred the two […]
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Bankruptcies down 2.3% year-over-year in Jan., with Ch. 13 leading
February 11, 2020
A total of 496 bankruptcy cases were at the U.S. Bankruptcy Court in Puerto Rico during the month of January, representing a 2.3% drop from the same month last year, according to statistics released by analyst firm Boletín de Puerto Rico. The report shows that Chapter 13 personal reorganization cases prevailed, with 303 cases on […]
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FCC lays down rules to invest $692M in P.R./USVI broadband, voice networks
February 6, 2020
The Federal Communications Commission’s Wireline Competition Bureau established the procedures for its investment of up to $691.2 million over the next 10 years to support the deployment of “advanced, hardened” broadband and voice networks in Puerto Rico and the U.S. Virgin Islands. This investment will help ensure that those living in Puerto Rico and the […]
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Study confirms P.R. debt restructuring leading to new unsustainable payments
February 6, 2020
One year after Judge Laura Taylor Swain approved the agreement on the Sales Tax Financing Corp. (COFINA, in Spanish) bonds which, with the consent of a majority of the members of the Puerto Rican legislature, was presented by the executive and the Financial Oversight and Management Board to the bondholders, a study by economist Daniel […]
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Call opens for 3rd edition of P.R. IT Innovation Awards
February 5, 2020
The Puerto Rico Information Technology Cluster opened the call for the third edition of the Puerto Rico IT Innovation Awards, which recognize the work of individuals and leading companies in the island’s information technology industry. “As a Board, we decided to continue this effort for the third consecutive year, since it has been very positive […]
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