AOL Latin America cuts IPO price

Article Abstract:

AOL Latin America was forced to reduce its IPO share price from $15 to $17 to $8 to $10 after encountering problems in its Latin American activities. Its AOL Brazil affiliate has yet to start operations even after the company formed an alliance with a local Brazilian bank, whose seven million customers are potential AOL users. Its AOL Mexico subsidiary also faces similar problems after entering the market late, with Telefonos de Mexico, Terra Networks and Star Media dominating the market.

Securities issued, listed, Internet service providers

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Growing Latin American BTB platforms face hurdles

Article Abstract:

The Latin American business-to-business platforms are growing in popularity. They are beginning to lure small and medium-sized companies to the Web with their offers of ready availability and lower costs. However, despite the high interest, knowledge of what the Web can do for them is still wobbly and necessitates an educational and a sales effort among th platforms. The business-to-business marketplace in Latin America is projected to exceed $5.5 billion by 2003.

Advertising and Related Services, Industrial Advertising

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Payments firm sees opportunity in Latin America for US clients

Article Abstract:

Pacific Services Network, a Canadian payment processing company, is mulling a venture into Latin America. Marketing manager Rosanne Dronsfield, who visited Chile, Argentina and Brazil as part of a trade mission, said the region offers good prospects. Chile, in particular, has a business-friendly climate. Brazil, however, is not as lucrative as its 160 million population might suggest, said Dronsfield.

Data Processing Services, Business Accounting & Financial Services

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