AT&T Inc. (NYSE:T) plans to acquire Mexico’s third largest wireless carrier Grupo Iusacell SA for $2.5 billion, to benefit from the lucrative Latin American market. Mexico is Latin America’s second largest economy and has one of the highest GDP per capita.
My friend, Hugo Salinas Price is on a mission to get Mexico to adopt a silver coin as legal currency. It's a mission I endorse 100%. His plea to the government in Mexico was written in Spanish but I asked Hugo for a translation.
AT&T Inc. has officially completed its acquisition of Mexico’s third largest wireless carrier, Iusacell . The telecom giant made the announcement Friday, and has appointed Thaddeus Arroyo to head the Mexican operations as CEO. Mr. Arroyo has previously served as the president of AT&T technology development and as chief information officer of AT&T mobility.
By Simit Patel:Billionaire and hard money advocate Hugo Salinas-Price was recently on the Keiser Report advocating Greece to return to a silver standard, laying forth a five step plan for how this could be accomplished. Here is the video clip; fast forward to 13 minute mark to get to the discussion about returning to the silver standard.Here are the basic points Salinas-Price makes:
MEXICO CITY (Reuters) - Top Mexican broadcaster Televisa's joint mobile telephone venture with Grupo Salinas will require $800 million in investments in the coming three years, Televisa's executive vice president said on Thursday. Iusacell could either issue debt or Televisa and Grupo Salinas could split the investment evenly, executive vice president Alfonso de Angoitia said on a conference call with investors. "We estimate Iusacell will have additional capital needs of approximately 800 million dollars in total within the next 3 years. ...