Articles tagged with: Iusacell and Ovi

Mexico's Iusacell Loses 600,000 Customers Due to Clean-Up

The Mexican mobile market finished the year on 77.93m customers with a below-par performance for customer growth in Q4 2008. In fact, the quarterly increase of 2.24m was the smallest gain since Q2 06 and the smallest fourth-quarter gain in five years. The main cause of this was iusacell's loss of 0.56m customers as the result of a customer clean-up programme.  more

Related Tags: , tim, telefonica, telcel, nextel, 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, itu, iden, grupo-iusacell, Mexico