AT&T to invest $3B in Mexico on network coverage

AT&T will invest approximately $3 billion in Mexico to make its high-speed mobile internet network available to 100 million people by the end of 2018. The US giant has already spent $4.4 billion in the country this year after acquiring …

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Mexico trims value of mobile network tender – report

Mexico reportedly cut the cost of a proposed tender for a wholesale national mobile broadband network by around a third, from $10 billion to $7 billion, in recognition that competition has improved under reforms led by President Enrique Pena Nieto. …

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AT&T gears up in Mexico with $1.9B Nextel acquisition

Having already bought Iusacell in Mexico earlier this year, AT&T completed the acquisition of Nextel for $1.88 billion, and will merge the two operators, putting it in a stronger position to challenge America Movil, the country’s dominant force. “AT&T has …

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America Movil pressing ahead with tower sale plan

Shareholders in America Movil have given the green-light to a plan to sell-off tower assets in Mexico, with a “favourable vote of 98.2 per cent” supporting the move. The company said in a statement that it has “been approved to …

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Mexico wants to launch $10B network tender by October

Mexico’s transport and communications ministry (SCT) plans to launch a tender for a $10 billion national mobile broadband network by October, with initial project terms being released in June. According to Reuters, the ministry has published a request for expressions …

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AT&T doubles-down on Mexico with Nextel bid

AT&T announced a deal to acquire the Mexican business of NII Holdings – which trades as Nextel – for $1.9 billion less outstanding debt, shortly after completing its $2.5 billion acquisition of Iusacell. Under the terms of the deal, AT&T …

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China Telecom prepping Mexico network bid — report

China Telecom, the third largest mobile operator in its home country, is reportedly preparing a bid to build and run a new mobile broadband network in Mexico. Sources told Reuters that the Chinese state-owned telecoms company is looking for local partners …

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Telefonica Mexico chairman denies talks to acquire America Movil assets

Telefonica’s Mexican business is not discussing the potential acquisition of assets from America Movil, which is taking steps to reduce its market dominance. Francisco Gil Diaz, the chairman of Telefonica Mexico, denied to Reuters that his part of the business …

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Iusacell stake sale opens way for AT&T acquisition

Mexican broadcaster Grupo Televisa anounced the sale of its 50 per cent stake in Iusacell to its joint venture partners Grupo Salinas, preparing the way for AT&T to acquire the mobile operator. In a statement on the Mexican stock exchange, …

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