Weekly Summary

Business continued to kick back and relax this week. There were few transactions announced. Those that were, mostly conformed to the recent trend of boosting the telecoms and energy sector. Riverstone Holdings, Encap and Infraestructura Institucional launched Mexico’s first independent oil and gas exploration and production company, while a survey confirmed that Spanish Telefónica’s system will host the five MVNOs who’re breaking into the newly liberalised telecoms market. The government received its first bid for the construction of a new state-owned mobile network from Ericsson and Alcatel-Lucent, and Grupo Bimbo decided to hang back and study market developments before raising additional capital.

Our colleagues from Delta Economics noted that Mexican exports to major markets, including NAFTA, leading Latin American countries and China will rise at double-digit annual rates in September and October.

After Hours noted that Sophia Loren chose to celebrate her 80th birthday in Mexico City with Carlos Slim and her Hollywood colleagues, leaving only photos of herself in Italy. Hot Tamales reviewed MexGrocer’s recipe for Mexican shepherd’s pie.

Hasta la próxima!


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