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 […]
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. […]
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 […]
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 […]
The Four Points by Sheraton hotel in Caguas announced that 15 years after opening as the first hotel in the region, it will be unveiling a $7 million renovation of its facilities during the upcoming Christmas season. The hotel is betting on the progress of the local economy and the island’s human resources, Miguel Rivas, […]
Travel industry magazine Condé Nast Traveler announced the results of its annual Reader’s Choice Awards, and Puerto Rico was recognized as the #1 Caribbean Island on the list of “Top 5 Islands in the Caribbean & the Atlantic” for 2019. “Puerto Rico’s tourism continues to thrive in full force with revenue and passenger arrivals at […]
3A Press, a printing operation that supplies the pharmaceutical and medical devices industries, has expanded its operation in the town of Lajas, following a $7 million investment in equipment and machinery. During a tour of the facility, Department of Economic Development and Commerce Secretary Manuel A. Laboy, lauded the move of the company he described […]
Banco Popular and Visa announced the debut in Puerto Rico of contactless payment technology for their Visa credit card portfolio. As of today, all Popular Visa credit cards, newly issued or replaced, will feature this new proximity payment technology, which meets all the same security standards as traditional chip cards, including that each transaction is […]
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 […]
To continue promoting golf as a tourist attraction on the Island, Discover Puerto Rico, the island’s destination marketing organization, met with golf industry representatives to join forces and attract more visitors to Puerto Rico. Discover Puerto Rico made its promotional platforms available to the industry to promote each of the 17 golf courses on the […]
Ten years after the last recession, economic slowdown has re-emerged as the top risk facing organizations globally, according to the results of Aon’s “2019 Global Risk Management Survey,” created by the professional services company . The resurgence of this concern is connected to accelerated rates of change in market factors, globalization and geopolitical uncertainty, the […]
As part of its continuing efforts to help the Caribbean recover from the long-term impacts from Hurricanes Irma and María, the U.S. Environmental Protection Agency is awarding a $6.2 million to the Puerto Rico Department of Natural and Environmental Resources as the first installment of a $40 million grant for hazardous and solid waste management […]
The Medicaid and Medicare Advantage Products Association of Puerto Rico (MMAPA) has turned to the federal court to challenge Law 90, which establishes fees for the payment of services under Medicare Advantage plans, claiming the bill jeopardizes benefits for thousands of insureds, and encroaches on federal law by trying to regulate MA funds or their […]
Florida-based Tropic Ocean Airways announced the start of operations in Puerto Rico, where it will be offering chartered amphibious seaplane services from the Jet Aviation terminal at the Luis Muñoz Marín Airport to the rest of the island and beyond. During a roundtable discussion with members of the media — and Puerto Rico Tourism Company […]
The Puerto Rico Housing Department announced the start of the Municipal Revitalization Program that has allocated $39 million to create a plan that will lead to the development of more resilient communities in Puerto Rico’s 78 municipalities. Housing Secretary Fernando Gil-Enseñat said “through this program, direct funds will be allocated to all municipalities to develop […]
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