Articles tagged with: Iusacell and Itu

Mexico's Grupo Iusacell Losses Deepen on Currency Depreciation

Mexico based mobile network operator, Grupo iusacell has reported that its first quarter revenues rose slightly to Ps.2.9 billion (US$207 million), compared to Ps.2.8 billion (US$200 million) in the same period in 2008. The company registered a net loss of Ps.678 million (US$48.5 million), compared to net loss of Ps.279 million (US$20 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

Related Tags: grupo-iusacell, tim, Mexico

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, ovi, iden, grupo-iusacell, Mexico

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

Related Tags: 3g, grupo-iusacell, Mexico