Emilio Azcarraga News
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Concesionaria Vuela Cia. de Aviacion SA, Mexico’s third-biggest airline, has hired Morgan Stanley to sell shares in an initial public offering this year, two people with direct knowledge of the transaction said.
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Mexico’s lower house of Congress approved a modified proposal to increase competition in the telecommunications and media industries, inserting changes that benefit broadcasters Grupo Televisa SAB and TV Azteca SAB.
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Mexican lawmakers announced legislation yesterday that threatens to rein in the country’s telecommunications monopolies, raising the possibility of a Ma Bell-style breakup for Carlos Slim’s dominant America Movil SAB.
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Lawmakers from Mexico’s three biggest parties plan today to present a wide-ranging telecommunications bill that ends a longstanding limit on foreign investment, one of the proposal’s architects said.
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Mexico may gain the power to break apart telecommunications companies that control more than half the market, potentially crimping carriers such as Carlos Slim’s America Movil SAB.
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Mexico’s three largest parties will present legislation next week that would allow foreign companies to control Mexican landline phone providers, according to one of the bill’s negotiators.
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Grupo Televisa SA Chief Executive Officer Emilio Azcarraga said the world’s biggest Spanish- language broadcaster is making its $1.6 billion bet on wireless to expand faster than it can in its traditional media business.
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Oracle Corp. Chief Executive Officer Larry Ellison has acquired Island Air, gaining a regional carrier in Hawaii where he owns most of the island of Lanai.
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Eduardo Perez Motta, Mexico’s chief antitrust regulator, has seen his staff members get blocked, bullied and even beaten by the companies they’re inspecting.
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Grupo Televisa SA, the largest Spanish-language broadcaster, is interested in entering the Mexican wireless market, Chief Executive Officer Emilio Azcarraga said in comments to reporters in Mexico City today.
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