Vancouver, BC / TheNewswire / March 25, 2015: Valdor Technology International Inc. ("Valdor") (TSX-V: VTI) (OTC: VTIFF) (Frankfurt: VZAA) is pleased to report that a 50/50 joint venture agreement has been executed between Valdor and Inteligencia e Infraestructura En America S. A. ("Inteligencia"). TeleVal Inc. ("TeleVal"), incorporated in Mexico, is the joint venture company.
The mandate of this joint venture is to develop TeleVal as a leader in the Mexican and Latin American fibre optic technology markets. The imminent deregulation of Mexico's telecommunication industry and the very early stage of fibre-to-the-home deployment throughout Latin America are catalysts for this process. The Mexican telecommunications market is currently about $35 billion/year and is projected to grow at a 30% rate for the next few years*.
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