Breaking News: AT&T to buy Mexican wireless carrier Iusacell for $2.5B

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From: "FierceWireless" <editors@fiercewireless.com>
Date: Nov 7, 2014 4:42 PM
Subject: Breaking News: AT&T to buy Mexican wireless carrier Iusacell for $2.5B
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Nov. 7, 2014 Sign up for free: Subscribe | Website | Jobs | Mobile Refer FierceWireless to a Colleague AT&T to expand wireless network to Mexico with $2.5B purchase of Iusacell AT&T announced it plans to acquire Mexican wireless network operator Iusacell for $2.5 billion, a figure that includes Iusacell's debt. Via the acquisition, AT&T said it will gain Iusacell's 8.6 million wireless customers, its 3G GSM/UMTS network that covers roughly 70 percent of Mexicans, and the ability to offer "the first-ever North American Mobile Service area covering over 400 million consumers and businesses in Mexico and the United States," the company said. "It won't matter which country you're in or which country you're calling--it will all be one network, one customer experience," boasted Randall Stephenson, AT&T's chairman and CEO, adding that AT&T plans to expand Iusacell's wireless network to "millions more" Mexicans if the transaction is approved. AT&T expects the transaction to close in the first quarter of 2015. Click here for full coverage.

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