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Companies

Telecom giants likely to be declared monopolies

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.”

http://www.forbes.com/sites/doliaestevez/2013/12/09/mexicos-two-telecom-giants-under-threat-of-being-declared-monopolies/

Spain's Popular buys stake in Mexico's BX+

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.

http://www.reuters.com/article/2013/12/11/spain-popular-mexico-idUSE8N0FV02C20131211

Hyatt Place hotels opens in San Jose del Cabo

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.

http://www.hotelnewsresource.com/article75392.html

Probe begins into America Movil and Televisa

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.

http://www.reuters.com/article/2013/12/05/us-mexico-telecoms-idUSBRE9B418720131205

Buoyed by IPO, Lala seeks to expand across Americas

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.

http://www.bloomberg.com/news/2013-12-05/lala-buoyed-by-ipo-seeks-americas-m-a-to-add-to-mexico-milk-gain.html

Aeromexico adds flights from Sacramento to Mexico

Sacramento Bee -  Mexican airline Aeromexico has announced additional nonstop flights between Sacramento and Guadalajara, plus seasonal service between Sacramento and Bajio/Leon in December.

http://www.sacbee.com/2013/12/05/5974647/aeromexico-adds-sacramento-mexico.html

Cemex inks $500 million IT deal with Neoris

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.

http://www.reuters.com/article/2013/12/05/us-mexico-cemex-idUSBRE9B41AO20131205

Mexico eyes Argentina oil deal, Pemex expansion

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.

http://www.upi.com/Business_News/Energy-Resources/2013/12/03/Mexico-eyes-Argentina-oil-deal-Pemex-expansion/UPI-11061386117902/

More U.S. firms opening high-tech plants in Mexico

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.

http://www.latimes.com/business/la-fi-overseas-manufacturing-20131130,0,5614376.story#axzz2mKbQDIWz

Pemex likely to probe deal in Vaca Muerta

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.

http://www.reuters.com/article/2013/11/28/pemex-ypf-oil-idUSL2N0JD00X20131128

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