Thursday, April 30, 2015

AT&T Completes Acquisition of Nextel Mexico

AT&T completed its previously announced acquisition of Nextel Mexico from NII Holdings for $1.875 billion, less approximately $427 million of net debt and other adjustments. The deal includes spectrum licenses, network assets, retail stores and subscribers in Mexico.

Earlier this year, AT&T acquired Mexican wireless provider Iusacell. AT&T will integrate Iusacell and Nextel into one company focused on bringing more choices, better service and faster mobile Internet speeds to more locations throughout Mexico. AT&T plans to create the first-ever North American Mobile Service area, which will cover more than 400 million consumers and businesses in Mexico and the United States.

Thaddeus Arroyo, Chief Executive Officer for AT&T Mexico, LLC and Iusacell, will lead the combined company.