Category Archives: Companies

Delta tenders cash offer for bigger state in AeroMexico

Airways News – Delta Air Lines tendered a cash offer for an additional 32 percent stake in AeroMexico, building upon its existing 4.1 percent ownership of the company and purchase options for an additional 12.7 percent ownership shared with a pension trust for Delta’s employees.

TransCanada wins Tuxpan-Tula pipeline project

Street Insider – TransCanada has been chosen to build, own and operate the Tuxpan-Tula Pipeline in Mexico. TransCanada expects to invest approximately$500 million in the 36-inch diameter pipeline and anticipates an in-service date in the fourth quarter of 2017.$500M+Investment/11062248.html

Telefonica unit given record fine over dropped calls

Reuters – Mexico’s telecommunications regulator fined a unit of Spain’s Telefonica a record 410.9 million Mexican pesos ($25 million) for not complying with quality controls. The fine was imposed in response to the high number of dropped calls by Pegaso, owned by Mexico’s No. 2 wireless operator Telefonica , and was the largest sanction in its two-year history.