Articles tagged with: Grupo Iusacell and Iden

Grupo Iusacell Suspends Repayments of US Dollar Debt

Mexico's Grupo Iusacell has begun talks to renegotiate its foreign currency-denominated debt, and has suspended repayments of all US-Dollar debt pending the talks. The company says that it has been affected by the strong devaluation of the Mexican peso versus the U.S. dollar and the current world economic slowdown. The Peso has declined by over 20% against the US Dollar last year.  more

Related Tags: rsa, itu, ovi, iusacell, Mexico