With an investment of $1.1 billion it will connect to Brazil, Colombia, the United States, Guatemala, Mexico, Puerto Rico and the Dominican Republic.
The company announced that it has completed the installation of a submarine fiber optic cable which guarantee services. This project will connect Brazil, Colombia, the USA, Guatemala, Mexico, Puerto Rico and the Dominican Republic.
In agreement with America Movil, AT&T will operate in 15 countries including all of Central America.
Expectations are that AT&T will today announce that it will "... extend its reach in Latin America for business customers through a cooperation with the firm America Movil, belonging to the Mexican billionaire Carlos Slim".
The company will do business in 15 countries including Argentina, Chile and Colombia through connections with America Movil networks. Other nations that AT&T services will be extended to are Costa Rica, the Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru and Uruguay.
International investors, including Carlos Slim, are to meet in an economic forum to evaluate more than 100 development projects in various sectors.
The event will take place on 4 and 5 November in San Pedro Sula, the economic capital of Honduras, to relaunch the promotion of the country as a destination for investment.
According to Yesille C. Ponce in Laprensa.hn, Mario Canahuati, Minister for Foreign Affairs says that among the actions being taken by the Porfirio Lobo government to reverse the worrying economic trend are proposed bills to encourage employment generating investment.
They produce 28 percent of the GDP in the area. Their performance sets the pace for economic activity and industry trends.
Mexican America Movil and Arkansas giant Wal-Mart are, without a doubt, the two biggest stars in the ranking, evidencing the significant activity in telecommunications and retail sales in the region.
With a growth of 42%, the Carlos Slim company was ranked first place among Big Companies, and reach US$3.4 billion in 2007, leaving behind....
An unpublished study by Interbrand y AméricaEconomía calculates the financial value of the names of the most important corporations in Latin America.
For a decade now in Latin America, the value of intangible assets is now being recognized by companies. Hence the region is going through a process of architecture to give value to their brands.
This is demonstrated by the first ranking of the Most Valuable Brands in Latin America done by Interbrand consultants that was presented in the printed edition of AméricaEconomía. The study is based on a financial assessment methodology that was made famous by Interbrand's global ranking. The methodology basically analyzes how much of the future cash flow expected by a company is due to the intangible assets known as the brand.