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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Sprint settles Nextel related lawsuit for $131M

Sprint will pay $131 million to settle a class-action lawsuit which accused the company of falsely claiming it was receiving billions of dollars of benefits from its $36 billion merger with Nextel Communications, Reuters reported. Officials of the company including former …

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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 …

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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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