SYS-CON MEDIA Authors: Adrian Bridgwater, Yeshim Deniz, Elizabeth White, Sean Houghton, Glenn Rossman

News Feed Item

Grupo Salinas Makes Strong Advances in 2012

—Grupo Elektra surpasses 6,000 points of sale in 9 countries, after the acquisition of Advance America—

MEXICO CITY, Jan. 2, 2013, /PRNewswire/ -- Grupo Salinas (www.gruposalinas.com), a group of dynamic, fast-growing and technologically advanced companies deeply committed to the modernization of the countries in which they operate —founded by Mexican entrepreneur Ricardo Salinas (www.ricardosalinas.com) —announced today that 2012 was a year of great strategic advances and significant operational achievements by its companies.

Grupo Elektra (www.grupoelektra.com.mx) —Latin America's leading financial services company and specialty retailer—almost doubled its distribution network, reaching more than 6,000 points of sale in 9 countries, through organic growth and the acquisition of Advance America (www.advanceamerica.net), the largest non-bank provider of cash advance services in the United States.  The increased distribution network strengthened the company's already close relationship to its target market, which is an important  competitive advantage.

The purchase of Advance America added more than 2,400 points of sale in 29 states in the US. The company grants close to 10 million short term loans yearly to a market segment with strong dynamism, building solid brand awareness in the US.  This acquisition additionally widens and diversifies the consolidated income of Grupo Elektra, driving its solid growth perspectives.

With more than 16 million active credit accounts and more than 15 million deposit accounts, Banco Azteca (www.bancoazteca.com.mx) a subsidiary of Grupo Elektra, consolidated itself as the largest bank with a focus on the base of the socioeconomic pyramid in Mexico —a country with approximately 25 million households.  The Bank generated competitive loans, increased the wellbeing of its clients, and expanded the patrimony of families that were unattended by traditional financial institutions.

Punto Casa de Bolsa —Punto Brokerage— (www.puntocasadebolsa.com), started operations with the highest quality and efficiency in client services standards in 2012, complementing the solid operations of Grupo Elektra and reaffirming its commitment with the development of the Mexican financial system, and the strengthening of overall economy.

In the media sector, Azteca (www.azteca.com) —one of the two largest producers of Spanish-language television programming in the world— inaugurated its new Azteca Novelas soundstages, the most modern in Latin America. The seven forums, measuring over 5,000 m2 further boosted the company's capacity for stellar productions, which continue to attract large audiences and effectively bring advertisers' brands to target markets.  On the other hand, Proyecto 40 (www.proyecto40.com), increased its coverage in Mexico through digital transmission, and offered programming with informational, opinion, investigation, and debate segments, with the most remarkable voices in Mexico on culture, society, economy, and politics; contributing to a plural and better informed country.

In the telecommunications industry, Azteca builds and will operate the most important fiber optics network in Latin America, with a coverage of close to 80% of the Colombian territory, in 753 municipalities. With the operation of the network, Azteca will have even more dynamic growth, as well as diversification, and income strengthening; in addition to the solid performance of the broadcast television business.

Also in the telecommunications sector, Grupo Iusacell (www.iusacell.com) —a cellular phone operator that provides a wide range of services and multimedia applications— continued driving world class communication alternatives to millions of users in Mexico, while Totalmovie (www.totalmovie.com) —a leading company in the OTT (Over the Top) video streaming industry— has presence in 40 countries and will offer the first OTT and live television service over the Internet in the world.

The combined income of the companies of the Group was remarkable, and represented close to 1% of Mexican gross domestic product in 2012. The companies of the group directly employed close to 90,000 people in 10 countries in the Americas.

In addition to generating social value through solid business operations, Grupo Salinas continued its activities of direct social action; it developed important initiatives through Fundacion Azteca (www.fundacionazteca.org), which celebrated its 15th anniversary. Some of those initiatives are Limpiemos Nuestro Mexico (www.limpiemosnuestromexico.org) which, in its fourth edition, united 6,200,000 volunteers to collect and separate 30,500 tons of garbage, creating consciousness regarding  the need to care for the environment; through Esperanza Azteca (www.esperanzaazteca.com.mx), in only three years it integrated a network of 54 youth orchestras and choirs —with the participation of 12,000 underprivileged children— and  the goal of promoting important values and developing better human beings through music.  

Jugueton (www.azteca.com/jugueton) collected more than 16 million toys that generated the smiles of children. Six Movimientos Azteca —televised awareness and fundraising campaigns that encourage social and environmental co responsibility— took place. On the other hand, Plantel Azteca provided free excellent junior high and technical high school to more than 2,400 youngsters with outstanding academic performance. The efforts of Fundacion Azteca do not only improve the wellbeing of Mexican families, they also reach the US, Peru, Guatemala, and El Salvador.

The companies of the Group seek economic development while protecting the environment; this happens through the efficient use of resources.

The Group saved 135 thousand MWh or 14% of its energy consumption. This savings reduced the release of more than 90,000 tons of CO2 into the environment, an amount that would require a forest of 449,000 trees to be offset; the energy reduction is equivalent to the consumption of 81,500 households, saving 138,000 barrels of oil.

Through these advances, Grupo Salinas was awarded first place in the XVI National Electric Energy Savings Award.

Grupo Salinas also promoted the activities of Kybernus (www.kybernus.org) —an organization focused on developing political and social leadership; with values and commitment. The program has currently 350 participants and has presence in 12 states in Mexico; it seeks to continue expanding its reach to generate a better future.

Caminos de la Libertad (www.camionosdelalibertad.com), which seeks reflection on the concept on freedom, was also supported; together with the Aspen Institute there was analysis on the freedom to communicate, to protect the free flow of ideas and encourage contexts where freedom and communication prosper.  Additionally, the Group sponsored La Ciudad de las Ideas (www.ciudaddelasideas.com), which brought together brilliant minds in the city of Puebla to present avant-garde ideas to thousands of spectators.

Grupo Salinas also supported Fomento Cultural Grupo Salinas (www.fomentoculturalgruposalinas.com.mx), which diffuses art and culture through books, expositions and the promotion of handcrafts. It organized the exhibitions "Trip into the architectural patrimony of Mexico. The view of Peabody, Kahlo, and Vazquez," "Mexico in silver: five centuries of shared identity" and also organized the "Sixth National Silver Award," as well as publishing the books "Esperanza Azteca Symphonic Orchestra in La Constancia Mexicana" and  "Memoirs of the Sixth Essay Contest of Caminos de la Libertad."

Grupo Salinas believes that in addition to generating wealth, its companies are a medium to achieve social change and create better living conditions. The Group has over a 100 years of adding value to the communities in which it operates, and looks forward to firm advances in 2013.

Grupo Salinas Profile.

Grupo Salinas (www.gruposalinas.com) is a group of dynamic, fast growing, and technologically advanced companies focused on creating shareholder value, building the middle class, and improving society through excellence. Created by Mexican entrepreneur Ricardo B. Salinas (www.ricardosalinas.com), Grupo Salinas operates as a management development and decision forum for the top leaders of member companies. These companies include: Azteca (www.tvazteca.com.mx ; www.irtvazteca.com) Azteca America (www.aztecaamerica.com), Grupo Elektra (www.grupoelektra.com.mx), Banco Azteca (www.bancoazteca.com.mx), Advance America (www.advanceamerica.net),  Afore Azteca (www.aforeazteca.com.mx), Seguros Azteca (www.segurosazteca.com.mx) and Grupo Iusacell (www.iusacell.com). Each of the Grupo Salinas companies operates independently, with its own management, board of directors and shareholders. Grupo Salinas has no equity holdings.

Contact: Daniel McCosh; +011-(5255)1720-0059; [email protected]

SOURCE Grupo Salinas

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The term culture has had a polarizing effect among DevOps supporters. Some propose that culture change is critical for success with DevOps, but are remiss to define culture. Some talk about a DevOps culture but then reference activities that could lead to culture change and there are those that talk about culture change as a set of behaviors that need to be adopted by those in IT. There is no question that businesses successful in adopting a DevOps mindset have seen departmental culture change, ...
In her General Session at 15th Cloud Expo, Anne Plese, Senior Consultant, Cloud Product Marketing, at Verizon Enterprise, focused on finding the right mix of renting vs. buying Oracle capacity to scale to meet business demands, and offer validated Oracle database TCO models for Oracle development and testing environments. Anne Plese is a marketing and technology enthusiast/realist with over 19+ years in high tech. At Verizon Enterprise, she focuses on driving growth for the Verizon Cloud platfo...
"There is a natural synchronization between the business models, the IoT is there to support ,” explained Brendan O'Brien, Co-founder and Chief Architect of Aria Systems, in this SYS-CON.tv interview at the 15th International Cloud Expo®, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Gridstore™, the leader in hyper-converged infrastructure purpose-built to optimize Microsoft workloads, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Gridstore™ is the leader in hyper-converged infrastructure purpose-built for Microsoft workloads and designed to accelerate applications in virtualized environments. Gridstore’s hyper-converged infrastructure is the ...
This builds on Puppet Labs' first class Windows support, including native .MSI packages for x32 and x64 operating systems, modules to extend common Windows server management tools, including Powershell, and integrations with Microsoft Azure and Visual Studio. By automating common Windows administration tasks, Puppet Labs is enabling users to adopt DevOps practices, thereby reducing the time needed to deploy applications from weeks to hours.
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete...
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, discussed how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.
"SAP had made a big transition into the cloud as we believe it has significant value for our customers, drives innovation and is easy to consume. When you look at the SAP portfolio, SAP HANA is the underlying platform and it powers all of our platforms and all of our analytics," explained Thorsten Leiduck, VP ISVs & Digital Commerce at SAP, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SAP is delivering break-through innovation combined with fantastic user experience powered by the market-leading in-memory technology, SAP HANA. In his General Session at 15th Cloud Expo, Thorsten Leiduck, VP ISVs & Digital Commerce, SAP, discussed how SAP and partners provide cloud and hybrid cloud solutions as well as real-time Big Data offerings that help companies of all sizes and industries run better. SAP launched an application challenge to award the most innovative SAP HANA and SAP HANA...
There's Big Data, then there's really Big Data from the Internet of Things. IoT is evolving to include many data possibilities like new types of event, log and network data. The volumes are enormous, generating tens of billions of logs per day, which raise data challenges. Early IoT deployments are relying heavily on both the cloud and managed service providers to navigate these challenges. In her session at Big Data Expo®, Hannah Smalltree, Director at Treasure Data, discussed how IoT, Big D...
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, examined three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective ...
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using ...
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at Internet of @ThingsExpo, James Kirkland, Chief Ar...
SYS-CON Media announced today that Skytap blog on "DevOps Journal" exceeded 84,000 story reads. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. DevOps Journal brings valuable information to DevOps professionals who are transforming the way enterprise IT is done. Noel Wurst is the managing content editor at Skytap. Skytap provides SaaS-based dev/test environments to the enterprise. Skytap solution removes the inefficiencies and constraints that comp...