Billionaire Carlos Slim’s dominance of Colombia’s wireless market is under threat as lawmakers and rivals press for market-share limits and seek to prevent him from getting licenses for faster smartphone speeds.
The Puerto Rico Aqueduct and Sewer Authority, which carries the lowest investment grade by Standard & Poor’s, plans to issue $1.25 billion in tax-exempt revenue bonds tomorrow in the year’s biggest muni sale.
Satelites Mexicanos SA may pay the highest yield on a dollar bond offering by a Mexican company in almost two years as the satellite operator seeks to emerge from bankruptcy protection for the second time since 2006.
Puerto Rico, which has a credit rating lower than any U.S. state, almost doubled a debt offering after $1 billion in bids from investors for the commonwealth’s first new money general-obligation issue since 2008.
Brazilian phone carriers Tele Norte Leste Participacoes SA, Telefonica Brasil SA and America Movil SAB will be forced to share access to their networks with competitors without charging an “abusive” prices, Communications Minister Paulo Bernardo said.