AT&T Finalizes Iusacell Acquisition
Jan 16, 2015, 12:59 PM by Eric M. Zeman
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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Well that was quick!
Now let's see how this plays out for us mexicanos.