Convergencia Research, Consultoría especializada en Latinoamérica y Caribe
Monday, June 19, 2017

Amazon buys Whole Foods

This is the largest acquisition of its history, for which it will pay US$ 13.7 billion for 456 stores. The deal came after John Mackey, chief executive of Whole Foods, was pressured by investor Jana Partners to sell the firm as Whole Foods which added four quarters of decreases in sales in March.

By signing the pact with Amazon, Mackey will be able to maintain his position at the helm of the chain and, at the same time, a boost in shares, which jumped 29.1%, while the title of the technology chain increased 2.4%.

Last news and analysis

América Latina · Convergence

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Convergencialatina returns on Wednesday, April 3

Puerto Rico · Fixed Broadband

28/03/2024

Puerto Rico must deploy fiber optics in more than half of the island's homes

The data came from a Fiber Broadband Association webinar that revealed the island's situation in FTTH services. There is a plan for the footprint to reach one hundred percent of homes in 2027 financed by federal funds and privately executed.

Puerto Rico · Fixed Broadband

28/03/2024

Puerto Rico must deploy fiber optics in more than half of the island's homes

The data came from a Fiber Broadband Association webinar that revealed the island's situation in FTTH services. There is a plan for the footprint to reach one hundred percent of homes in 2027 financed by federal funds and privately executed.

Uruguay · Pay TV · Internet & OTT · Operators

27/03/2024

Through agreements with Claro and Movistar, cable operators expand their Internet offer

These are agreements of different types, which include leaving the last mile for the cable operator or contracts for available bandwidth. Antel could join with infrastructure leasing. Some cable operators are already building their own networks.

Paraguay · Operators

26/03/2024

Government analyzes partial privatization of Copaco

The state operator is going through a delicate moment. Its income does not cover operating expenses and it must fulfil a debt obligation of US$110 million. Furthermore, the lack of investments led to the obsolescence of its infrastructure. Oscar Stark, president of the firm, states that alternatives are being evaluated to obtain the necessary funds, including the possibility of adding private partners. And he believes that in 18 months "the situation will be resolved."

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