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cell tower

Michelle Kantrow January 25, 2022
The terms of the transaction include long-term master lease agreements for each market for Liberty’s continued use of the telecom tower infrastructure after the transaction closes. (Credit: Alexander Yakimov | Dreamstime.com)

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QUOTE OF THE WEEK

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“Customers continue to spend, maybe not at the same pace as during the [COVID-19] pandemic, but it continues to be the motor of the economy in Puerto Rico and in the [mainland] U.S.”

 

— Ignacio Álvarez, CEO of Popular Inc., on the bank’s first-quarter earnings, which although declined compared to last year’s figures due to industry-wide adjustments, sustained consumer spending remains a positive indicator.

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