May 2012
Complaint filed against Canada's Excellon Resources
Canadian Business - Communal landowners and workers at the La Platosa mine have filed a complaint against Excellon Resources in Canada and the Mexico accusing the company of violating labor rights and failing to comply with a land use contract.
Cofetel reportedly favors Televisa-Iusacel deal
Reuters - Mexico's chief telecom regulator welcomed broadcaster Televisa's $1.6 billion bid for half of cell phone company Iusacell, but said the companies must address concerns about advertising and content before the competition watchdog clears the deal.
www.reuters.com/article/2012/05/29/mexico-telecoms-idUSL1E8GT3F920120529
Mexico's telecom industry grew 11.9 percent in the first quarter of this year
Submitted by mexbiznews on Wed, 05/30/2012 - 2:05amEFE
Mexico's telecom industry grew 11.9 percent in the first quarter of 2012 compared to the same period last year due mainly to strong performance by the satellite TV, mobile telephony and long distance segments, the Federal Telecommunications Commission, or Cofetel, said.
The telecom industry's growth was much more robust than that of the economy as a whole, which expanded by 4.6 percent in the first quarter, Cofetel said in a statement.
The strong quarter was due in part to market changes that bolstered competition and to various strategic alliances forged among telecom firms.
Technological developments that have made fixed and mobile broadband services the "main drivers of growth" also were a contributing factor, the regulator said.
The most dynamic segment between January and March was satellite TV, which grew 26.9 percent relative to the first three months of 2011, followed by international long-distance telephony, up 26.6 percent, and mobile telephony, which climbed 15.8 percent.
The number of mobile broadband subscribers rose from 4.1 million at the end of March 2011 to 8.7 million at the close of the same month of 2012, Cofetel said.
latino.foxnews.com/latino/news/2012/05/29/mexico-telecom-industry-grew-11-pct-in-q1/
Stocks end sharply higher on lift from U.S. markets
Dow Jones - Mexican stocks rose sharply Tuesday, getting a lift from U.S. markets reacting to polling data over the weekend in Greece that eased fears about the euro-zone nation. The IPC index added 1.3 percent to 38,127 points on moderate volume.
International reserves reach record $154.28 billion
Sentido Comun - International reserves last week reached a new record of $154.28 billion after a $496 million increase over the previous week, primarily due to the sale of dollars from Pemex to the Bank of Mexico.
Seek buys more of ventures in Brazil and Mexico
Herald Sun - Employment website Seek says it will spend more than $100 million for a larger slice of its Latin American businesses from existing owners and management, moving to majority ownership of Brasil Online and Online Career Center Mexico.
Cinepolis theater chain to go 100% digital
Hollywood Reporter - Mexican exhibitor Cinepolis, the world's fourth largest theater circuit, is investing more than $300 million to digitize its entire chain by 2013. Family-owned Cinepolis owns 2,800-plus screens in Latin America and India.
www.hollywoodreporter.com/news/mexico-cinepolis-theater-digital-big-cinemas-330068
OHL starts process to recover Puebla highway project
Dow Jones - The Mexican unit of Spanish infrastructure firm Obrascon Huarte Lain (OHL) said it has begun legal proceedings against the government of the Mexican state of Puebla in an effort to recover a highway concession that the state revoked.
Stemedica stem cells approved for clinical trial in Mexico
Market Watch - Stemedica Cell Technologies Inc. announced that its strategic partner in Mexico, Grupo Angeles Health Services, has received approval from Mexico's regulatory agency for a clinical trial for chronic heart failure.
Carstens sees resilient Mexican economy
Reuters - Mexico will experience only a moderate economic hit if Greece leaves the euro and the peso should quickly bounce back from a recent slump without fanning inflation, central bank governor Agustin Carstens said on Monday.
www.reuters.com/article/2012/05/28/us-latam-summit-carstens-highlights-idUSBRE84R0PL20120528
