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GlobeTel Communications Corp.


GlobeTel Communications Corp. said it had signed a Letter of Intent (LOI LOI Letter of Indemnity (international trade and carriage business)
LOI Letter Of Intent
LOI Loss On Ignition
LOI Letter of Inquiry
LOI Lack Of Information
LOI Lack of Interest
LOI Letter of Invitation
LOI List Of Items
) with Banco Azteca Banco Azteca a Grupo Salinas company. Banco Azteca has more than 1,500 branches throughout Mexico and other countries in Latin America and is already among the two largest banks in Mexico in terms of coverage.

With more than 5.
, Mexico's fifth-largest financial institution and part of the Salinas Salinas, city, United States
Salinas (səlē`nəs), city (1990 pop. 108,777), seat of Monterey co., W Calif.; inc. 1874. It is the shipping and processing center of a fertile valley famous for its grain and lettuce.
 Group of Companies. The agreement further cements GlobeTel's position in Mexico serving the Latin American market. The LOI will establish the framework for creation of a detailed contract between Banco Azteca and GlobeTel, whereby GlobeTel will add stored value services and functionality to existing Banco Azteca Visa debit

The old Visa and Delta logos.
 cards and support the bank's enhanced stored value services for their cards.

compiled by Cindy Janovitz
COPYRIGHT 2005 American Chamber of Commerce of Mexico A.C.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:COMPANY NEWS; contracts with Banco Azteca
Author:Janovitz, Cindy
Publication:Business Mexico
Article Type:Brief Article
Geographic Code:1MEX
Date:Apr 1, 2005
Words:88
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