AT&T Extends Network to Mexico with $2.5 Billion Iusacell Acquisition Zach Miners - IDG News
go to original November 10, 2014

AT&T to Acquire Mexico's Iusacell for $2.5 Billion (Whocit Business News)

AT&T will pay US$2.5 billion to acquire Mexican wireless company Iusacell, in a major push to expand its coverage and improve mobile Internet service for those living south of the U.S. border.

The acquisition, announced Friday, includes Iusacell's network assets, licenses, retail stores, and its 8.6 million subscribers. AT&T expects the deal to close by the end of next March.

Iusacell's network covers roughly 70 percent of Mexico's 120 million residents, and AT&T plans to expand it to cover millions more consumers and businesses.

"Mexico is still in the early stages of mobile Internet capabilities and adoption, but customer demand for it is growing rapidly," AT&T chairman and CEO Randall Stephenson said in the company's announcement.

"This is an opportunity for us to provide Iusacell the financial resources, scale and expertise to accelerate the roll-out of world-class mobile Internet speeds and quality in Mexico, like we have in the U.S."

The deal, he said, is an opportunity to create "the first-ever North American mobile service area covering over 400 million consumers and businesses in Mexico and the U.S."

It will all be one network, in other words, that could eliminate some headaches for customers traveling between the countries.

Read the rest at ITWorld

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