AT&T announced today it closed its $2.5 billion acquisition of Mexican wireless provider Iusacell and all of its wireless properties, which include licenses, network assets, retail stores and more than 9 million subscribers.
“The quick approval of this deal is one more example of why Mexico is an attractive place to invest,” Randall Stephenson, AT&T chairman and CEO, said. “We look forward to bringing more wireless competition to Mexico along with an improved mobile Internet experience for customers. Expanding and enhancing Iusacell’s mobile network to cover millions of additional consumers and businesses is our top priority.”
AT&T plans to create the first North American Mobile Service Area, covering consumers and businesses in Mexico and the U.S. under a single network. AT&T also hopes to address increasing demand for high-speed mobile Internet in Mexico.
Grupo Salinas will retain Iusacell’s Total Play businesses.
