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 …

The post AT&T gears up in Mexico with $1.9B Nextel acquisition appeared first on Mobile World Live.

America Movil notes mobile data as growth driver

America Movil identified mobile data as the “more important driver of growth”, followed by pay-TV, stating that it has made “important efforts to complete the rollout of our 4G-LTE networks”. For the fourth quarter of 2014, the company reported a net …

The post America Movil notes mobile data as growth driver appeared first on Mobile World Live.

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 …

The post AT&T doubles-down on Mexico with Nextel bid appeared first on Mobile World Live.

AT&T completes $2.5B Iusacell acquisition

AT&T has completed its $2.5 billion acquisition of Mexican mobile operator Iusacell from Grupo Salinas, first announced in November, and has named F. Thaddeus Arroyo to lead Iusacell as its CEO. Through the acquisition, AT&T plans to create the first-ever North American …

The post AT&T completes $2.5B Iusacell acquisition appeared first on Mobile World Live.

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, …

The post Iusacell stake sale opens way for AT&T acquisition appeared first on Mobile World Live.

Mexican regulator unveils auction; OKs AT&T-Iusacell deal

Mexico’s Federal Institute of Telecommunications (IFT) will next year stage an auction of radio frequencies suitable for 4G — a further move that could shake the dominance of market leader Telcel. The regulator will sell off 60 MHz of frequencies …

The post Mexican regulator unveils auction; OKs AT&T-Iusacell deal appeared first on Mobile World Live.

AT&T’s Mexico move gets regulatory approval

It looks like things are set to get a whole lot more competitive for Carlos Slim, the man who currently dominates the Mexican telco market. US giant AT&T has had its bid to buy the country’s third largest operator – Iusacell – approved by the Mexican telco regulator.

AT&T to acquire Mexico’s Iusacell

AT&T has announced it has agreed to acquire Iusacell from Grupo Salinas for $2.5 billion, including the mobile operator’s debt, all wireless properties and its 8.6 million subscribers. However, the transaction will only take place once Grupo Salinas has finalised its purchase of 50% of Iusacell that it currently doesn’t own. Iusacell, the third largest […]