Forbes - América Móvil and Grupo Televisa were told that they were placed under preliminary review to determine whether they are dominant players in the telecommunications sector. According to Mexican experts, there is little doubt that both América Móvil and Televisa will be declared “market dominant.”
Reuters - Banco Popular said on Wednesday it would carry out a capital increase of up to 450 million euros and use the cash obtained to buy a stake in Mexican financial group BX+ and boost its core capital ratio.
Hotel News Resource - Hyatt Hotels Corp. and Grupo Hermosillo announced the opening of Hyatt Place San Jose del Cabo in Baja California Sur. The hotel introduces the Hyatt Place brand to Mexico.
Reuters - Giant Mexican telco America Movil and broadcaster Televisa, the two companies likely to be most affected by the country's telecoms reform, said on Thursday the regulator has told them it was determining whether they are dominant players in the sector.
Bloomberg - Grupo Lala, Mexico’s biggest dairy producer, is seeking to expand with more factory capacity at home and potential acquisitions across the Americas following its initial public offering, its chairman said.
Sacramento Bee - Mexican airline Aeromexico has announced additional nonstop flights between Sacramento and Guadalajara, plus seasonal service between Sacramento and Bajio/Leon in December.
Reuters - Mexico's Cemex, one of the world's biggest cement companies, said on Thursday it had reached a $500 million deal with Neoris which will provide IT outsourcing services over 10 years.
UPI - Mexico is hoping a reconciliation between Argentina and Spanish oil major Repsol will lead to a Mexican entry in Argentina's lucrative energy sector and improve chances of its own development, analysts said.
LAT - Faced with rising wages in China and high shipping costs, many businesses are finding manufacturing close to home more appealing. But despite its advantages, Mexico has problems.
Reuters - Mexico's state-run oil monopoly Pemex will likely discuss a potential stake in Argentina's massive Vaca Muerta shale deposit next month, a member of the company's board said on Wednesday.