Home › News ›

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.

Related

Samsung Refreshes Galaxy S Series with S Pen, New Cameras

Feb 9, 2022
Samsung today announced its lineup of flagship phones for 2022: the Galaxy S22 series. The top-end S22 Ultra sees the biggest changes as it essentially absorbs Samsung's Note series with an integrated S Pen stylus and a more Note-like shape and design, instead of the Contour Cut design of the other models.

Samsung's Galaxy S21 Flagships are Prettier and More Affordable

Jan 14, 2021
Samsung today officially unveiled its Galaxy S21 series of flagship phones for 2021. All three models sport a distinctive new "Contour Cut Camera" design where the metal frame extends around one corner to surround the rear cameras.

FTC Sues to Stop Nvidia's Acquisition of Arm

Dec 2, 2021
The US Federal Trade Commission (FTC) is taking action to block the proposed acquisition of Arm by Nvidia. Arm designs chip architectures used throughout mobile and computing industries.

FTC Drops Antitrust Suit Against Qualcomm

Mar 30, 2021
The US Federal Trade Commission has decided not to appeal its antitrust case against Qualcomm to the US Supreme Court, effectively ending the matter in Qualcomm's favor. The FTC sued in 2017, claiming that the way Qualcomm links the sales of baseband processors with patent licensing amounts to anticompetitive behavior and unfair business practices.

Dish Closes Acquisition of Boost Mobile, Unveils New Plans

Jul 1, 2020
T-Mobile US and Dish Network today announced that they have completed the previously-announced sale of Boost, the prepaid arm of Sprint. Dish now owns the Boost brand and takes responsibility for its 9.3 million customer accounts, hundreds of employees, and thousands of independent retailers.

more news about:

Comments

This forum is closed.

This forum is closed.

ReaperXero

Dec 22, 2014, 12:31 PM

Oh Gee, Can't monopolize in the US so lets change countries.

KraventheRaven

Ironically enough, having AT&T enter the Mexican comms market is a nice change from the Telmex monopoly 🤣

...

T Bone

But I don't hear anyone complaining about the fact until recently, at&t was the only fully American owned telcom in the country, Verizon, T-Mobile and Sprint all being fully or partially foreign owned. Even Tracfone isn't actually an American company...
(continues)

...

dlmjr

crying out loud.....

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)

...

Page 1 of 1