Agencies join to battle $5M-a-year copper theft problem
January 27, 2015
The Puerto Rico Telecommunications Regulatory Board and the Puerto Rico Police Department signed an agreement Monday to step up the fight against copper theft, which represents about $5 million in annual losses for public and private sector companies.
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Telecom Board opens Liberty/Choice deal for comment
January 21, 2015
The Puerto Rico Telecommunications Regulatory Board has opened for public comment the petition submitted by Liberty Cablevision of Puerto Rico to buy Choice Cable TV, and fold the latter’s franchise license into its local operation, this media outlet confirmed.
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Puerto Rico CIO González among ‘Top 100 Most Social’
January 19, 2015
Puerto Rico’s Chief Information Officer, Giancarlo González, was included in this year’s “State of the CIO” survey, which lists the top 100 information technology executives in the nation based on their presence on Twitter.
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Fuel tax hike signed into law, lawmakers OK revisions
January 16, 2015
Puerto Rico Gov. Alejandro García-Padilla signed Thursday the law that approves a 68 percent increase in the excise tax over crude oil and its derivatives to $15.50 from $9.25 per barrel, expected to take effect immediately.
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Google Inc. to roll out modular smartphone project in PR
January 15, 2015
Puerto Rico’s thriving and diverse mobile device user base and presence of international wireless carriers appears to have been the key factors to convincing one of the world’s largest technology developers, Google Inc., to launch a smartphone pilot program that could thrust the island into the international spotlight.
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Software developer Wovenware expands, creates 40 jobs
January 12, 2015
Wovenware, a local software development company, will invest some $250,000 to expand its local operations and create 40 new jobs over the next two years, executives announced Monday, flanked by high-ranking Puerto Rico government officials.
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Puerto Rico bankruptcy filings -20% YOY in December
January 9, 2015
Bankruptcy filings were down 20 percent year-over-year in December, when a total of 839 cases were filed, according to preliminary figures released Thursday by research firm Boletín de Puerto Rico.
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Atento pumps $500K into Caguas call center expansion
January 9, 2015
The Atento call center in Caguas is investing $500,000 to expand its customer relationship management services that will generate 200 new jobs in 24 months, Gov. Alejandro García-Padilla announced Thursday during a tour of the facilities.
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Bankruptcy cases at -1% through Nov.; Debt flat at $1.7B
December 30, 2014
The number of bankruptcy cases filed on the island during the first 11 months of 2014 represented at 1 percent year-over-year drop, according to data released Monday by local research firm Boletín de Puerto Rico.
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Life Wireless opens stores in Santurce, Bayamón
December 22, 2014
Life Wireless, a cellular provider offering free phone service to eligible customers through the federal Lifeline program, has opened its first retail locations in Puerto Rico to better serve its fast-growing customer base.
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Puerto Rico is 13% more expensive than many U.S. areas
December 12, 2014
The cost of living in Puerto Rico for a professional family is about 13 percent more expensive than it is in more than 300 urban and rural areas in the U.S. mainland, according to the findings of the Cost of Living Index.
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Nonprofit proposes new work tax credit for families
December 12, 2014
Aiming to encourage work in the formal economy while neutralizing regressive consumption taxes, the Center for a New Economy recently commissioned the Urban Institute in Washington D.C. to conduct a study that proposes a new work credit focused on working families with children making between $7,500 and $25,000.
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Liberty vows to better services for Choice Cable clients
December 11, 2014
Less than two years after picking up the assets of the former OneLink cable system in the greater San Juan area, Liberty de Puerto Rico announced Wednesday its intention to buy the only other cable provider left on the island, Choice Cable in Ponce.
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Liberty Puerto Rico to buy Choice Cable for $272.5M
December 10, 2014
Liberty Cablevision of Puerto Rico LLC announced Wednesday that affiliates of its indirect majority shareholder, Liberty Global and its indirect minority shareholder, Searchlight Capital Partners, L.P., have entered into an agreement to acquire 100 percent of the parent of Puerto Rico Cable Acquisition Company Inc., which does business as Choice Cable TV.
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Science Trust touts successful ‘Startup Weekends’
December 9, 2014
As part of its mission to advance the island’s technological, scientific and business agenda, the Puerto Rico Science, Technology & Research Trust announced the achievements obtained from the Startup Weekends program at a closing ceremony last week.
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