Cisco plans $4 bln worth of expansion in Mexico-government
MEXICO CITY, Sept 27 Cisco Systems Inc plans more than $4 billion worth of expansion in Mexico between 2016 and 2018, the Mexican government said on Tuesday.
MOSCOW Feb 4 Russia's biggest mobile phone operator MTS said on Tuesday its sales growth could slow in the next three years as economic slowdown in the country may affect consumer demand.
The company expects sales to rise by 3-5 percent a year in 2014-2016, compared to a targeted growth of around 5 percent in 2013, chief executive officer Andrei Dubovskov told reporters.
MTS cited a possible fall of revenues from voice calls amid a broader decline in economic activity and lower roaming revenues as cash-strapped consumers are expected to travel less. It also said sales of smartphones could fall as incomes are expected to decline and the cost of consumer credit may rise.
Sept 28 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.