Stories by Doris Benavides

Analysts Positive About Telmex-Bell Canada Venture

The recently announced joint venture between
Teléfonos de México SA de CV (Telmex) and Bell Canada International Inc. (BCI)
seems like a good vehicle to help the companies expand their presence in South
America, according to analysts.

El Sitio Posts Higher Revenue, Losses in Q1

El Sitio Inc., a high-profile Latin America-oriented Web portal, reported a rise in revenue and an increase in losses during the first fiscal quarter, compared to a year ago.

LatAm Company Expands B2B Services

Chilean company Chilnet SA is greatly increasing the reach of its B2B (business-to-business) portal beyond its home market. The move comes as the company draws upon its ten years of experience in providing business information to Latin American companies and as Internet startups boom in the region.

Telmex Meets Analysts' Q1 Forecast

Teléfonos de México SA de CV (Telmex) posted positive first quarter results, in line with analysts' forecasts, although its long-distance revenue fell due to what the company claims is a recurring illegal "bypass" situation, according to a statement issued yesterday by the dominant Mexican carrier.

Televisa Denies Negotiations With Microsoft/Telmex

In a surprising statement that contradicts its top executive, Grupo Televisa SA, Mexico's largest media company, today denied it is in negotiations with the country's dominant carrier Teléfonos de México SA de CV (Telmex) and Microsoft Corp. to create a Web portal.

LatAm CEOs Suggest Caution Over E-Commerce

Latin America's electronic commerce market has a lot of potential, but vendors who view it as a gold mine that's there for the taking risk failure, according to industry executives.

Mexican Regulator Imposes Rules on Telmex

The process to revamp Mexican telecommunications continued on Monday when the regulatory agency in charge of that market hit dominant carrier Teléfonos de México SA de CV (Telmex) with special rules to foster competition.

Latin Americans to Buy Medicines Online

Farmaciaonline.com will swell the ranks of Internet startups dedicated to e-commerce in Latin America while increasing the range of products offered to Net users in the region and the U.S. Hispanic community. The company intends to offer online sales of medicine and beauty care products.

Bancointernet.com to Target U.S. Hispanics

Bancointernet.com is planning to launch its online banking operations in the U.S. later this year, once the regulatory authorities approve the buy-in of Metro Savings Bank by its parent company, BI Financial Inc.

Motorola, Celtel Deploy US$15M CDMA Solution

Motorola Inc. and Honduran telecommunications company Telefónica Celular SA (Celtel) announced today the deployment of a US$15 million CDMA (code division multiple access) network in Honduras.

New Startup Bets on Internet Growth in LatAm

Compras24.com, an electronic-commerce company launched this month to target the Latin American market, is betting that Internet usage will rise in the region and that barriers to online shopping will disappear.

Net Investment Startup Targets LatAm

Online investment startup Angeltips.com plans to launch its services in five South American countries this quarter through the formation of a joint venture with Argentina's Pazos Asociados Consultores, Angeltips.com's chief executive officer, Steve Fu, said Thursday in a telephone interview.

Telmex Quarterly Results Exceed Analysts' Forecast

Despite losses in local telephone service during the fourth quarter of 1999, Teléfonos de México SA de CV (Telmex) last week reported positive earnings for the rest of its telephone and Internet services, which boosted earnings past industry forecasts.

Telmex/SBC to Invest US$150M in NAS Expansion

Teléfonos de México SA de CV (Telmex) announced today an agreement with SBC Communications Inc. to invest US$150 million to finance the expansion in the U.S. of Network Access Solutions (NAS).

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