AT&T to Buy Second Mexico Carrier for $1.875B
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Jan 26, 2015, 8:13 AM by Eric M. Zeman
AT&T today announced its intent to purchase Nextel Mexico, which covers 76 million customers across the country. Nextel Mexico is owned by NII Holdings and AT&T will pay it $1.875 billion. NII Holdings is currently in bankruptcy and AT&T's offer is less than NII Holdings' outstanding debt. AT&T will acquire all of NII's spectrum licenses, network assets, retail stores, and about 3 million customers. According to AT&T, the proposed acquisition complements its recent purchase of Iusacell, another Mexican network operator. AT&T said it plans to create the "first-ever North American Mobile Service area" covering more than 400 million people across Mexico and the U.S. The deal will need to be approved by both bankruptcy courts and Mexican regulators. AT&T expects the deal to close by mid-2015.
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another mex carrier?
And after that, they should see if they can buy up any carriers in Europe. Free international roaming in Europe would be SWEET.
First Ever North American Service Area?
AT&T has operated as Rogers AT&T in Canada about 15+ years ago and customers on both networks could roam between the two. Calls were charged as roaming, however the cost was by far lower than other carriers who roamed cross-border.
If AT&T is looking to be the first North American Service Area, properly, that would mean that they not only need to buy a Mexican carrier (why they are buying two is beyond me, at the price the Nextel Mexico is costing, that would be a wise investment for T-Mob...