Liberty P.R. reports $104.3M in 3Q19 revenue, up 4.7% year-over-year
November 7, 2019
Liberty Puerto Rico reported revenue and subscriber growth for the third quarter and nine-month period ending on Sept. 30, 2019 and announced upcoming plans to launch new services by year’s end. In its report, the company revealed it added 6,300 customers in the third quarter and 33,100 so far this year. This growth was mainly […]
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Call center Commsense marks 5 yrs. in Aguadilla with growth plans
November 7, 2019
Call centers operator Commsense is marking its fifth anniversary on the island with an aggressive job creation plan to continue developing its operations in Aguadilla, Johanna Stien, vice president of operations, confirmed. “We’ve been successful thanks to the quality of the talent that we managed to recruit in the area and to the clients who […]
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P.R.’s post-disaster recovery presents an ‘urgent need for housing’
November 6, 2019
The current phase of Puerto Rico’s post-disaster recovery will be defined primarily by the urgent need for housing, a panel of local and international experts convened by the Center for a New Economy to discuss housing policy in post-disaster contexts. Federal funding, such as the Community Development Block Grant-Disaster Recovery (CDBG-DR) funds, will be instrumental […]
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P.R. could quadruple labor productivity, boost GDP to 3.8% through AI adoption
November 6, 2019
Puerto Rico’s economy could “greatly benefit” at the structural level with the opportunities brought by technologies such as the cloud or artificial intelligence, which could boost its GDP to 3.8% in the next decade, according to a study presented by Microsoft Corp. “The impact of AI on the Puerto Rico labor market” is a study […]
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Evertec reports 6% year-over-year revenue growth $118.8M in 3Q19
October 31, 2019
Evertec Inc. announced results for the third quarter ended Sept. 30, which showed that revenue grew 6% to $118.8 million compared with $112.0 million in the prior year. Revenue increase in the quarter reflected growth across all segments and included benefits from value added solutions, new managed services and other pricing actions. Additionally, increased revenue […]
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Consumer spending shrinks by 9% from ’12-’17, as population also declined
October 16, 2019
Consumer spending in Puerto Rico contracted by nearly 9% from 2012 to 2017, when the island’s population also consistently declined, according to statistics released by the U.S. Department of Commerce’s Bureau of Economic Analysis. Consumer spending — which contracted by an average of 1.8% annually during the period — measures the goods and services purchased […]
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Market Tech Consulting opens $1M contact center in Bayamón
October 11, 2019
Marking its third year of operations in Puerto Rico, Market Tech Consulting has inaugurated a new contact center in Bayamón staffed by a 100% local workforce to provide commercial and service support to businesses and professionals. The new facilities entailed an investment of $1 million and house 187 work units that generate 300 direct local […]
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T-Mobile’s Legere: ‘Way to abandon people, @ATT!!’
October 10, 2019
AT&T’s announcement that it plans to sell its wireless and wireline operations in Puerto Rico and the U.S. Virgin Islands to Liberty Latin America drew reactions from members of the industry, including its main competitor T-Mobile. T-Mobile CEO John Legere, who is known for his outspokenness and for taunting his competitors, took to his Twitter […]
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Sale of AT&T Puerto Rico’s assets would usher out brand after decades in the market
October 10, 2019
The AT&T brand has been a fixture in the Puerto Rico market for decades, during which it has been associated with both wireless and wireline services — a dominant carrier for when per-minute, long-distance calling existed — that changed the face of local telecommunications. The AT&T name has been around since the telephone was invented. […]
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Liberty Latin America to acquire AT&T’s operations in P.R./USVI for $1.95B
October 9, 2019
Liberty Latin America Ltd. announced it has entered into a definitive agreement to acquire AT&T Inc.’s wireless and wireline operations in Puerto Rico and the U.S. Virgin Islands, in an all-cash transaction valued at $1.95 billion. “This strategic and complementary acquisition is an exciting and unique opportunity to expand our business in one of our […]
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P.R.’s ‘baby boomers’ hold lowest average personal loan balances, Experian says
October 9, 2019
Baby boomers in Puerto Rico have the lowest personal loan balances, carrying an average of $10,158 in the second quarter of 2019, according to data released by consumer and business credit reporting and marketing services firm Experian data. “While this balance is still twice the national average held by Generation Z, it’s 38% less than […]
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CNE develops platform to examine post-hurricane economic growth
October 8, 2019
Two years after Hurricane María battered Puerto Rico, local think tank Center for a New Economy has developed an innovative digital platform to help examine Puerto Rico’s economic growth after the storm. The new Federal Post-María Contracting Monitoring Dashboard gives reporters, academics, organizations, and individuals the ability to easily access all available data relating to […]
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P.R. bankruptcy filings down 4.8% in September
October 2, 2019
The 629 bankruptcy cases filed in Puerto Rico in September were 4.84% lower than those on record for the same month last year, while the 5,690 petitions submitted to the U.S. Bankruptcy Court during the first nine months of this year were down by 1.3% vs. the same year-ago period, a local research firm revealed. […]
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FCC approves $950M to improve broadband in P.R./USVI
September 27, 2019
For additional details about the FCC’s decision, check out our exclusive interview with Ajit Pai in the latest episode of our “Dollars and Sense” podcast series. Just click on the link to the audio above! The Federal Communications Commission approved $950 million in funding to improve, expand, and harden communications networks in Puerto Rico and […]
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Piloto 151, Evertec launch speaker series on female tech leaders in P.R./LatAm
September 24, 2019
With the purpose of increasing women’s participation in the technology sector, Piloto 151, with its series Womentechover, and Evertec, announced the launch of a speaker series in Puerto Rico and Latin America to highlight the stories of female leaders in the industry who can serve as role models and help move the diversity needle. The […]
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