AT&T Finalizes Iusacell Acquisition
AT&T today said it has finalized its purchase of Iusacell, Mexico's third-largest wireless network operator. Mexico's regulatory bodies approved the deal in December. Iusacell offers wireless service under its own name and the Unefon brand name. It has 9.2 million subscribers, but covers about 70% of Mexico's population of 120 million. AT&T has gained the subscribers, spectrum licenses, network assets, and retail operations of Iusacell as part of the deal. AT&T said it plans to expand Iusacell's network to cover more Mexicans and sees the acquisition as a long-term growth opportunity. AT&T has a leadership team ready to lead Iusacell's operations in Mexico City.
Mexican Regulators Approve AT&T's Iusacell Acquisition
Mexico's equivalent of the FTC today approved AT&T's proposed acquisition of provider Iusacell with unknown specifications, reports Reuters. AT&T first proposed the deal last month.
AT&T to Buy Mexican Cell Provider Iusacell
AT&T today announced it has agreed to acquire Mexican wireless company Iusacell for $2.5 billion. Iusacell offers wireless service under its own name and the Unefon brand name.
AT&T Finalizes Nextel Mexico Acquisition
AT&T today said it has completed its acquisition of Nextel Mexico. Nextel Mexico covers 76 million customers across the country.
AT&T Rebranding Mexico's Iusacell and Nextel to AT&T
AT&T has begun rebranding its Iusacell and Nextel properties in Mexico under the AT&T name. Moving forward, people who visit Iusacell and Nextel stores will be buying AT&T Unidos service plans (Unidos con Todo and Unidos a tu Manera, respectively).
Well that was quick!
Now let's see how this plays out for us mexicanos.