Thursday, April 14, 2011

AT&T Sells its 49% Stake in Mexico's Alestra

ALFA has agreed to buy out AT&T's 49% stake in Mexico's Alestra, giving ALFA 100% control of the firm. Financial terms were not disclosed. The deal is expected to close in Q2.

"Mexico is a critical market for AT&T, and we are committed to offering multinational enterprise customers operating in Mexico a wide range of advanced communications solutions," said Mary Livingston, AT&T's vice president for the Canada, Caribbean and Latin America region. "This transaction is consistent with AT&T's global strategy for providing enterprise services directly. We highly value the outstanding work AT&T is doing with ALFA and Alestra, and we're confident that we will keep working together for our customers."

  • Alestra offers a range of business-class services, including converged communications, hosting and cloud capabilities. The company operates a 40 Gbps fiber network spanning 6,700 kms. across Mexico, including 1,750 kms of metro rings.