Articles tagged with: Grupo Iusacell and 3G

Iusacell Slips into Q4 Loss on Currency Fluctuations

Mexico's Grupo Iusacell has reported that its net revenue during the fourth-quarter dropped slightly to Ps.2,982 million (US$199.7 million), compared to Ps.2,993 million in the same period in 2007. The company registered a net loss of Ps.1,978 million (US$132.5 million), compared to net income of Ps.346 million (US$23 million) for the same period of the previous year. The result was primarily due to foreign exchange losses as a result of the depreciation of the peso during this quarter.  more

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