Mexican Regulators Approve AT&T's Iusacell Acquisition
Dec 22, 2014, 11:38 AM by Eric M. Zeman
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. Iusacell offers wireless service under its own name and the Unefon brand name. It has 8.6 million subscribers, but covers about 70% of Mexico's population of 120 million. AT&T will gain the subscribers, spectrum licenses, network assets, and retail operations of Iusacell, once the purchase is completed. The Mexican watchdog also gave Grupo Salinas, which owns 50% of Iusacell, permission to buy out its partner. With 100% ownership, Grupo Salinas is able to sell Iusacell in its entirety to AT&T. AT&T said it plans to expand Iusacell's network to cover more Mexicans and sees the acquisition as a long-term growth opportunity. Iusacell will remain headquartered in Mexico City. The FCC and FTC still need to approve the deal from the U.S. side of the border.
Cricket Upgrades its Sub-$100 Icon Series
Wiko Brand Returns to US with the Voix at T-Mobile
Sony Updates Flagship Phone With New Camera
Comments
Oh Gee, Can't monopolize in the US so lets change countries.
(continues)
ATT has no monopoly.
1: exclusive ownership through legal privilege, command of supply, or concerted action
2: exclusive possession or control
3: a commodity controlled by one party
4: one that has a monopoly
I...
(continues)
