GDB Economic Activity Index reveals 5th month of positive growth
July 5, 2012
The Government Development Bank’s Economic Activity Index for the month of April reached 128.2 during April 2012, an increase of 0.1 percent when compared to April 2011 and the fifth consecutive month of positive year-over-year growth since recession began in 2006, the agency said Wednesday.
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Liberty-OneLink union to create ‘formidable competitor’
June 27, 2012
The corporate union between the island’s leading cable operator OneLink Communications and the second largest, Liberty Cablevision of Puerto Rico, is expected to create a formidable competitor against satellite paid television providers and, in coming months, Claro de Puerto Rico.
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3 local companies nab Microsoft ‘Global Partner’ awards
June 27, 2012
Three Puerto Rico companies dedicated to developing software and technology based on the Microsoft platform are being recognized for their work in the Latin American region during the upcoming Microsoft Worldwide Partner Conference.
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OneLink sold to Liberty Cablevision for $585M
June 26, 2012
MidOcean Partners and Crestview Partners confirmed today that they have entered into a definitive agreement with the local subsidiary of Liberty Global Inc. and investment funds affiliated with Searchlight Capital Partners, L.P. to sell 100 percent of San Juan Cable LLC, known as OneLink Communications for $585.25 million.
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Liberty mulling OneLink acquisition
June 25, 2012
Luquillo’s Liberty Cable is in talks to buy the assets of San Juan’s cable television provider OneLink Communications through a transaction that could be worth about $560 million, News is my Business learned.
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PRBI kicks off islandwide microwave network deployment
June 25, 2012
Critical Hub Networks officially kicked off the deployment of the Puerto Rico Bridge Initiative’s islandwide microwave network this month, initiating the final phase of the broadband project, company officials announced.
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‘App Idol’ contest unleashes creativity among students, entrepreneurs
June 19, 2012
Four teams comprising local students and entrepreneurs walked away the winners of Puerto Rico’s first mobile application development competition sponsored by Microsoft, Nokia, the Economic Development Department, and the Puerto Rico Gamers Association.
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FCC levies $25K fine against Angulo-owned radio station
June 18, 2012
The Federal Communications Commission has issued a $25,000 fine against A Radio Company Inc., operator of the WEGA 1350 AM radio station, for failing to uphold an agreement entered into between the parties last year through which the Vega Baja operation agreed to pay $8,000 for violating agency rules.
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Wireless carriers ready to ride out ’12 hurricane season
June 11, 2012
Although this year’s hurricane season is just getting underway, several of the island's wireless carriers have disclosed their network preparedness and recovery plans, confirming their ability to be ride any storm that heads Puerto Rico’s way.
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Claro Puerto Rico joins global fight against AIDS
June 8, 2012
Claro Puerto Rico, a unit of América Móvil, announced Thursday the launch of its (Claro)RED initiative that coupled with the (RED) Rush to Zero campaign, seeks to eradicate the AIDS virus by 2015.
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Local delegation promotes P.R’s broadband needs in DC
June 6, 2012
Resident Commissioner Pedro Pierluisi told members of Congress Tuesday Puerto Rico needs to “have the correct policies in place, on both the federal and local level, to enable households and businesses … to access and adopt high-speed Internet and other modern telecommunications services at affordable rates.”
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Claro, Microsoft partner to deliver Office 365 to small, mid-sized businesses
May 31, 2012
Looking to provide easier and better accessibility to email, documents and applications anytime, anywhere Claro Puerto Rico and Microsoft Corp. have partnered to launch Office 365, a cloud-based suite of productivity tools designed for small and mid-sized businesses.
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Economist: 1st signs of ‘normalcy’ coming from unexpected places
May 31, 2012
One of the greatest challenges economists are having during this downturn is that it is not a “traditional boom-bust cycle,” economist Heidie Calero said in the May edition of the “Puerto Rico Economic Pulse” monthly bulletin published by her firm H. Calero Consulting.
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CTIA: Wireless products, services driving socioeconomic change
May 29, 2012
Wireless products and services are a powerful agent of social change that give billions of people around the world, including Puerto Rico, with anytime, anywhere access, according to a recent report by BSR and commissioned by CTIA-The Wireless Association.
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Wells Fargo analyst outlines P.R.’s ‘economic failure’
May 25, 2012
While saying Puerto Rico is not “America’s Greece,” a senior analyst with Wells Fargo Securities said the time has come for the island to implement drastic change or risk facing an even bigger economic collapse.
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