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AT&T Finalizes Iusacell Acquisition

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Jan 16, 2015, 12:59 PM   by Eric M. Zeman   @phonescooper

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.

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mloudt

Jan 16, 2015, 2:44 PM

Well that was quick!

In America a major purchase takes at least 6-10 months to get approved then finalized. In Mexico it takes 2-3 months lol. At&t first mentioned this in November and now it's January. Mexico must of really needed the cash influx off the taxes of this deal overall.
Nothing a bit of grease (bribes) can't speed up. Laughing

Now let's see how this plays out for us mexicanos.
 
 
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