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Boeing building telecom satellites to expand Mexico's networks
said it completed the first of two 702HP geomobile satellites, named Centenario, for deployment by Mexico's new Mexsat end-to-end satellite communications system. Mexsat aims to provide enhanced social communications to consumers across Mexico while enhancing capability for military, civil and humanitarian needs. The world's 10th-largest oil producer, Mexico under President Enrique Pena Nieto is struggling to push ambitious targets for reduction in crime and poverty and Mexico's transformation into a balanced market economy. Extensive telecommunications industry reforms aim to cut domination of the sector by a handful of companies controlled by influential groups. How the satellite communications will be affected by the shake-up wasn't discussed in government pronouncements. But telecom watchdog Federal Telecommunications Institute served notice on major telecom operators it wants to see more competition and less dominance by companies owning up to 70 percent of market share.
UPDATE 2-Mexico 2013 auto output, exports hit records for 4th year -AMIA
Photograph by: ADRIAN LAM , Times Colonist VICTORIA -- The man acquitted of driving a motorcycle up to 299 kilometres an hour on the Trans-Canada Highway through Greater Victoria thinks media coverage of a viral YouTube video may be to blame for him being denied entry to Mexico a twice. Randy Scott, the 26-year-old found not guilty of dangerous driving in October, left for Cancun on Saturday for a friend's wedding. When the plane landed, everyone was told to stay seated and he was escorted off the plane by armed customs agents. Scott told the Victoria Times Colonist he was taken into a holding cell and interrogated about his criminal record. He came clean about past weapons charges and an assault charge but didn't mention the dangerous driving charge.
Mexico twice boots Vancouver Island man cleared of 299 km/h motorcycle ride
7, 2014 1:13 p.m. ET MEXICO CITYMexican retailer Grupo Gigante S.A.B. de C.V. plans to list its office-supplies unit Office Depot de Mexico on the Mexican stock market, selling shares locally and abroad and using the money to pay part of a loan taken out to acquire the chain. Gigante, which last year bought the 50% it didn't own of the venture from partner Office Depot Inc. for around $690 million, said Tuesday in a filing with Panama the Mexican stock exchange that it has started the authorization process for the sale. It would include a secondary...
Gigante to Sell Stake in Office Depot de Mexico
Solis on Wednesday declined Panama to offer projections for 2014. Sales last year to the United States, Mexico's No. 1 trading partner, rose 9.5 percent to 1,646,950 autos. Exports to Canada rose 21.7 percent to 194,851 units last year, making up for a 16 percent drop in sales to Latin America, which numbered just 307,581 units. Domestic sales rose 7.7 percent to 1,063,363 units. Mexico's economy rebounded in the third quarter as demand for exports picked up following a contraction in the prior three-month period.
Mexico vigilantes take over government building, hold 11 officers
Some of the new vigilante Chiriqui groups, meanwhile, are suspected of fighting a proxy war on behalf of the Templars drug-world rivals. The Pena Nieto government has poured thousands of federal troops into Michoacan in recent months. In some cases, soldiers work in conjunction with self-defense groups that federal officials believe to be unaffiliated with the narco gangs. On Monday, Michoacan Gov. Fausto Vallejo, a member of Pena Nietos Institutional Revolutionary Party, told reporters that he would push federal officials to modify their strategy. The state government, he said, would be changing its strategy to impede the proliferation of, and eradicate, the self-defense groups. Also in Michoacan, two soldiers were killed in a shootout Sunday, apparently with criminals, near the city of Apatzingan. The day before, a plane carrying well-known self-defense leader Jose Manuel Mireles crash-landed near the town of La Huacana.