Click here to close now.


Microsoft Cloud Authors: Elizabeth White, Jayaram Krishnaswamy, Andreas Grabner, Jim Kaskade, Pat Romanski

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 (, 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 ( —announced today that 2012 was a year of great strategic advances and significant operational achievements by its companies.

Grupo Elektra ( —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 (, 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 ( 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— (, 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 ( —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 (, 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 ( —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 ( —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 (, which celebrated its 15th anniversary. Some of those initiatives are Limpiemos Nuestro Mexico ( 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 (, 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 ( 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 ( —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 (, 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 (, 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 (, 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 ( 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 (, Grupo Salinas operates as a management development and decision forum for the top leaders of member companies. These companies include: Azteca ( ; Azteca America (, Grupo Elektra (, Banco Azteca (, Advance America (,  Afore Azteca (, Seguros Azteca ( and Grupo Iusacell ( 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.

@ThingsExpo Stories
Apps and devices shouldn't stop working when there's limited or no network connectivity. Learn how to bring data stored in a cloud database to the edge of the network (and back again) whenever an Internet connection is available. In his session at 17th Cloud Expo, Bradley Holt, Developer Advocate at IBM Cloud Data Services, will demonstrate techniques for replicating cloud databases with devices in order to build offline-first mobile or Internet of Things (IoT) apps that can provide a better, faster user experience, both offline and online. The focus of this talk will be on IBM Cloudant, Apa...
NHK, Japan Broadcasting will feature upcoming @ThingsExpo Silicon Valley in a special IoT documentary which will be filmed on the expo floor November 3 to 5, 2015 in Santa Clara. NHK is the sole public TV network in Japan equivalent to BBC in UK and the largest in Asia with many award winning science and technology programs. Japanese TV is producing a documentary about IoT and Smart technology covering @ThingsExpo Silicon Valley. The program will be aired during the highest viewership season of the year that it will have a high impact in the industry through this documentary in Japan. The film...
WebRTC is about the data channel as much as about video and audio conferencing. However, basically all commercial WebRTC applications have been built with a focus on audio and video. The handling of “data” has been limited to text chat and file download – all other data sharing seems to end with screensharing. What is holding back a more intensive use of peer-to-peer data? In her session at @ThingsExpo, Dr Silvia Pfeiffer, WebRTC Applications Team Lead at National ICT Australia, will look at different existing uses of peer-to-peer data sharing and how it can become useful in a live session to...
SYS-CON Events announced today that Luxoft Holding, Inc., a leading provider of software development services and innovative IT solutions, has been named “Bronze Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Luxoft’s software development services consist of core and mission-critical custom software development and support, product engineering and testing, and technology consulting.
The enterprise is being consumerized, and the consumer is being enterprised. Moore's Law does not matter anymore, the future belongs to business virtualization powered by invisible service architecture, powered by hyperscale and hyperconvergence, and facilitated by vertical streaming and horizontal scaling and consolidation. Both buyers and sellers want instant results, and from paperwork to paperless to mindless is the ultimate goal for any seamless transaction. The sweetest sweet spot in innovation is automation. The most painful pain point for any business is the mismatch between supplies a...
As a company adopts a DevOps approach to software development, what are key things that both the Dev and Ops side of the business must keep in mind to ensure effective continuous delivery? In his session at DevOps Summit, Mark Hydar, Head of DevOps, Ericsson TV Platforms, will share best practices and provide helpful tips for Ops teams to adopt an open line of communication with the development side of the house to ensure success between the two sides.
There are so many tools and techniques for data analytics that even for a data scientist the choices, possible systems, and even the types of data can be daunting. In his session at @ThingsExpo, Chris Harrold, Global CTO for Big Data Solutions for EMC Corporation, will show how to perform a simple, but meaningful analysis of social sentiment data using freely available tools that take only minutes to download and install. Participants will get the download information, scripts, and complete end-to-end walkthrough of the analysis from start to finish. Participants will also be given the pract...
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of streaming data in the cloud with an enterprise grade SLA. It features built-in integration with Azur...
WebRTC: together these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at WebRTC Summit, Cary Bran, VP of Innovation and New Ventures at Plantronics and PLT Labs, will provide an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it may enable, complement or entirely transform.
WebRTC services have already permeated corporate communications in the form of videoconferencing solutions. However, WebRTC has the potential of going beyond and catalyzing a new class of services providing more than calls with capabilities such as mass-scale real-time media broadcasting, enriched and augmented video, person-to-machine and machine-to-machine communications. In his session at @ThingsExpo, Luis Lopez, CEO of Kurento, will introduce the technologies required for implementing these ideas and some early experiments performed in the Kurento open source software community in areas ...
Who are you? How do you introduce yourself? Do you use a name, or do you greet a friend by the last four digits of his social security number? Assuming you don’t, why are we content to associate our identity with 10 random digits assigned by our phone company? Identity is an issue that affects everyone, but as individuals we don’t spend a lot of time thinking about it. In his session at @ThingsExpo, Ben Klang, Founder & President of Mojo Lingo, will discuss the impact of technology on identity. Should we federate, or not? How should identity be secured? Who owns the identity? How is identity ...
Developing software for the Internet of Things (IoT) comes with its own set of challenges. Security, privacy, and unified standards are a few key issues. In addition, each IoT product is comprised of at least three separate application components: the software embedded in the device, the backend big-data service, and the mobile application for the end user's controls. Each component is developed by a different team, using different technologies and practices, and deployed to a different stack/target - this makes the integration of these separate pipelines and the coordination of software upd...
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
WebRTC converts the entire network into a ubiquitous communications cloud thereby connecting anytime, anywhere through any point. In his session at WebRTC Summit,, Mark Castleman, EIR at Bell Labs and Head of Future X Labs, will discuss how the transformational nature of communications is achieved through the democratizing force of WebRTC. WebRTC is doing for voice what HTML did for web content.
The broad selection of hardware, the rapid evolution of operating systems and the time-to-market for mobile apps has been so rapid that new challenges for developers and engineers arise every day. Security, testing, hosting, and other metrics have to be considered through the process. In his session at Big Data Expo, Walter Maguire, Chief Field Technologist, HP Big Data Group, at Hewlett-Packard, will discuss the challenges faced by developers and a composite Big Data applications builder, focusing on how to help solve the problems that developers are continuously battling.
Nowadays, a large number of sensors and devices are connected to the network. Leading-edge IoT technologies integrate various types of sensor data to create a new value for several business decision scenarios. The transparent cloud is a model of a new IoT emergence service platform. Many service providers store and access various types of sensor data in order to create and find out new business values by integrating such data.
SYS-CON Events announced today that IBM Cloud Data Services has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IBM Cloud Data Services offers a portfolio of integrated, best-of-breed cloud data services for developers focused on mobile computing and analytics use cases.
In his session at @ThingsExpo, Tony Shan, Chief Architect at CTS, will explore the synergy of Big Data and IoT. First he will take a closer look at the Internet of Things and Big Data individually, in terms of what, which, why, where, when, who, how and how much. Then he will explore the relationship between IoT and Big Data. Specifically, he will drill down to how the 4Vs aspects intersect with IoT: Volume, Variety, Velocity and Value. In turn, Tony will analyze how the key components of IoT influence Big Data: Device, Connectivity, Context, and Intelligence. He will dive deep to the matrix...
When it comes to IoT in the enterprise, namely the commercial building and hospitality markets, a benefit not getting the attention it deserves is energy efficiency, and IoT’s direct impact on a cleaner, greener environment when installed in smart buildings. Until now clean technology was offered piecemeal and led with point solutions that require significant systems integration to orchestrate and deploy. There didn't exist a 'top down' approach that can manage and monitor the way a Smart Building actually breathes - immediately flagging overheating in a closet or over cooling in unoccupied ho...
SYS-CON Events announced today that Cloud Raxak has been named “Media & Session Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Raxak Protect automates security compliance across private and public clouds. Using the SaaS tool or managed service, developers can deploy cloud apps quickly, cost-effectively, and without error.