Company News

Carlos Slim’s América Móvil says it is ready to divest assets to cut its market share in Mexican telecoms below 50 percent and escape the burden of tougher IFT regulations.

PEMEX selects consortium including Brazilian Odebrecht, Techint, and local construction concern Arendal to build Phase 2 North extension of Los Ramones natural gas pipeline.

Mexico’s Alpek and Germany’s BASF sign agreements to reorganise polystyrene and polyurethane chemicals joint venture in Mexico and businesses in North and South America.

Emerging markets investment firm Abraaj Group sells investment in Mexican leasing firm Analistas de Recursos Globales to Docuformas unit of Liquid Capital on undisclosed terms.

UK global mobile payment solutions provider Omlis and Stratus Technologies Mexico agree partnership to ensure security of payments via mobile phones and develop new products.

Legal advisor Hogan Lovells agrees to combine with Mexican firm Barrera, Siqueiros y Torres Landa, giving Hogan Lovells additional two offices in Mexico City and Monterrey.

Association of Gaming Equipment Manufacturers’ approves creation of new Mexico committee to focus on issues specific to the Mexican market that affect gaming suppliers.

Canada’s SimActive developer of photogrammetry software, says it sold its Correlator3D product to IMT Latinoamericana through SimActive’s Mexican partner GTT Imaging.

Hasta la próxima!

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