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AT&T to buy NII Holdings' wireless business in Mexico
2015-01-26 14:06:30| Wireless - Topix.net
NII Holdings, the parent of Nextel operators in Latin America, filed for bankruptcy protection in the United States in September after struggling with $5.8 billion in debt and fierce competition in Brazil and Mexico. The transaction is subject to a bankruptcy auction and approvals by the U.S. Bankruptcy Court for the Southern District of New York, AT&T said in a statement.
Tags: business
buy
mexico
wireless
AT&T buying Nextel Mexico from NII Holdings
2015-01-26 14:01:21| Telecom - Topix.net
The deal will give AT&T Inc. companies that operate under the name Nextel Mexico and hold all of the wireless properties in Mexico held by NII Holdings Inc. That includes spectrum licenses, network assets, retail stores and about 3 million subscribers. Nextel Mexico's network covers approximately 76 million people.
Tags: mexico
buying
att
holdings
AT&T to buy Nextel Mexico for USD 1.875 bln
2015-01-26 12:53:00| Telecompaper Headlines
(Telecompaper) AT&T is continuing its expansion to Mexico with an agreement to buy Nextel Mexico for USD 1.875 billion. The deal builds on the US operator's earlier takeover of Iusacell to add another 3 million customers and additional spectrum, retail and network assets. The acquisition excludes debt associated with Nextel Mexico and is subject to court approval in the bankruptcy proceedings underway in New York for NII Holdings, Nextel's parent company. NII said a competitive bidding process will need to be held under court supervision and regulatory approval in Mexico is also needed. It expects the transaction to close by mid-2015. The sale should help the company emerge from Chapter 11 and refocus its business on its largest operation in Brazil.
Get the ultimate connection with NETGEAR's AT&T Unite Model: 770S Hotspot
2015-01-26 05:42:25| Wireless - Topix.net
The AirCard 785S is a smart, powerful, and super easy-to-use 4G mobile hotspot. It features a colorful LCD display with a data usage meter that lets you effectively manage your budget.
Tags: model
connection
ultimate
att
AT&T to acquire Nextel Mexico for $1.9bn
2015-01-26 01:00:00| Total Telecom industry news
U.S. telco giant follows up Iusacell buy with deal that bolsters its North American service area coverage, increases subscriber base by 3 million.
Tags: mexico
att
acquire
nextel
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