Word: latinizes
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...regions now mix so much demand with such "underconnected, underserviced, uncompetitive markets," says Isaac Lee, editor of the Latin American e-business magazine Poder (formerly Punto-com). One response: Terremark Worldwide of Miami in June launched the first Network Access Point--a giant, $70 million Internet switching station--specifically for Latin America...
Wireless Internet services are especially hot, as companies and consumers try to circumvent the continent's dismal communications infrastructure. Fewer than 2 million Latin Americans use wireless Internet technology today, but the Washington-based Strategis Group forecasts that by 2007, 48 million will. That's a key reason Atlanta-based telecom giant BellSouth this summer spent $25 million for an 11% stake in StarMedia. It hopes to use the ailing multilingual Latin American Web portal as a launching pad for services like e-mail on mobile Internet--"for those epic traffic jams we all know so well in Sao Paulo...
Darby Overseas, the investment firm chaired by former U.S. Treasury Secretary Nicholas Brady, last year injected $20 million into the Mexican telecom firm Protel. Now Darby is leading a new group, which includes IBM and Comcast, to invest solely in Latin American new technology and telecom...
Every other month for more than 15 years, Gray, 57, has been making a humanitarian-aid run to Latin America to personally deliver food, clothes, wheelchairs, medicines and other essentials to thousands of orphans and other homeless souls. A onetime Fort Worth trial lawyer, Gray gave up a lucrative practice in the late 1980s to create Orphans of the World, a charity that he runs with his wife Mary and a tiny staff from a group of cluttered warehouses next to his home in Grand Prairie, Texas. "Cam looked in the mirror as he was shaving one day and didn...
Gray acquires goods at liquidation sales and by bartering with a network of Latin contacts, who help smooth his way through Customs and provide other favors. He recently secured corrective surgery for a Salvadoran boy with a deformed leg in exchange for providing a surgeon with a supply of crutches and leg braces. A range of Rotary Clubs and other service groups assist the Samaritan with logistics and funding so that he can mount missions as far afield as Kosovo, Kenya and Argentina. Through Airline Ambassadors, an aid group of airline employees, Gray grabs air-cargo space for his bulky...