As AT&T’s proposed acquisition of rival T-Mobile USA virtually unraveled Monday after a federal judge granted a request to delay the U.S. Department of Justice’s antitrust case, an unlikely third party announced its interest in partnering with the latter carrier if the deal ultimately falls through, Bloomberg reported.
The Economic Development Bank this week marked the end of the first phase of the Vieques and Culebra Tourism and Commercial Development Loan Program, which has already approved $1 million in loans that have created 74 new jobs split between the two island municipalities.
The four largest wireless carriers serving the island banded together Thursday to express their concern over House Bill 1956 that seeks to create a registry of prepaid phone numbers in an attempt to keep track of the devices that have become a conduit for criminal activity.
The number of bankruptcy petitions filed last month in Puerto Rico was 19 percent below the same month last year, Boletín de Puerto Rico revealed Friday. The preliminary numbers show that so far this year, the number of filings on record is 9 percent lower than those on record for the same 11-month period in 2010.
The Puerto Rico Electric Power Authority’s new residential rate that goes into effect today for the island’s residential customers is a temporary subsidy that does not imply efficiency improvements at the agency, the Center for the New Economy concluded Wednesday.
Critical Hub Networks announced Wednesday the U.S. Department of Commerce National Telecommunications and Information Administration’s approval of a route change for the Puerto Rico Bridge Initiative’s (PRBI) islandwide network, as well as the expansion of the network’s interconnection points from 16 to 24.
The island’s bankruptcy rate held on to its seventh consecutive monthly decline in October, when a total of 1,077 cases were submitted to the U.S. Bankruptcy Court. The figure represents 90 fewer filings and an 8.35 percent drop in comparison to the same month last year, research firm Boletín de Puerto Rico reported.
Wireless carrier AT&T will be sponsoring for the first time in Puerto Rico its Youth for Broadband Awareness Literacy & Education program, looking to offer technology and computer training to youth through a partnership with the Boys and Girls Club. The event will take place in Carolina, Dec. 1-2, News is my Business learned.
Wireless speeds for Puerto Rico Telephone (Claro) customers are about to get a whole lot faster.
Luquillo-based Liberty Cablevision announced Tuesday the arrival of broadband download speeds of between 20 megabits per second and 30 Mbps through its upgraded DOCSIS 3.0 network. Internet clients can expect “more potent, stable and reliable” connections, company officials said.
The New Year may usher the start of Internet Protocol TV in Puerto Rico, if Claro succeeds in negotiating the cable television franchise agreement recently obtained from the Telecommunications Regulatory Board.
Wireless provider Claro announced it is dropping the price of its basic Internet service to $20 a month to provide an entry-level alternative to that segment of the population that may not be able to afford a costlier option.
Puerto Rico Telephone/Claro’s parent company, América Móvil, and wireless provider AT&T announced Monday they have signed a strategic memorandum of understanding to explore ways of delivering enhanced communication services to multinational companies throughout Latin America and the rest of the world.
Puerto Rico needs to be proactive and keep the pressure on the U.S. government, especially the Federal Communications Commission, to make sure the island gets the funding it needs to advance broadband deployment and availability, Henry Rivera, former agency member told the National Hispanic Caucus of State Legislators in Fajardo late last week.
Telecommunications Regulatory Board Associate Member Nixyvette Santini filed a scorching dissenting opinion to the agency’s decision to grant Puerto Rico Telephone the cable franchise license it has been seeking since 2008, saying among other things that the order “is unfounded and lacks a responsible analysis that would look out for protecting the public interest and competitive environment.”
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