Mexico is set to establish the Telecommunications Investment Promotion Agency through a presidential decree. The agency will be responsible for the installation of the government’s proposed shared network and provision of telecommunications services. The federal government will provide the resources to the agency that will be managed by a board of directors, headed by the Minister of Communications and Transport.

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Fomento Economico Mexicano sold euro-denominated debt for the first time on Monday, joining a wave of Mexican borrowers tapping the market as the European Central Bank starts buying investment-grade company debt. emsa, which owns Latin America’s largest convenience-store chain as well as a stake in Heineken NV, sold 1 billion euros ($1.1 billion) in seven-year bonds.

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Mexican President Enrique Peña Nieto said Monday that his administration is determined to press ahead with the implementation of the country’s energy overhaul, setting a date for deep-water oil block auctions and speeding up the process of opening of the gasoline market. Mexico is proceeding with opening its energy industry and markets despite the low oil prices, Peña Nieto said.

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Mexico’s economy in the fourth quarter expanded in line with a preliminary report published last month as domestic consumption rebounded amid record-low inflation.

Gross domestic product rose 2.5 percent from a year earlier, according to final figures released by the national statistics institute Tuesday. From the previous quarter, GDP advanced 0.5 percent. Full year growth accelerated to 2.5 percent from 2.3 percent in 2014.

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