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Tag: iusacell
Mexico Competition Watchdog Signs Off On AT&T's Iusacell Buy
2014-12-22 02:27:24| Telecom - Topix.net
Mexico's competition regulator on Sunday approved AT&T Inc's $1.7 billion purchase of local cellphone company Iusacell, with unspecified conditions, a statement said. The Federal Competition Commission said it set conditions on the deal to "avoid risks to the process of competition" in markets where Iusacell would compete with Carlos Slim's America Movil, which previously counted AT&T as a minority investor.
Tags: buy
mexico
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Mexico OKs AT&T's Iusacell buy, with conditions
2014-12-22 01:00:00| Total Telecom industry news
U.S. telco given green light to buy Mexican mobile assets, but Salinas will retain fixed business; regulator keen to foster competition between America Movil and AT&T.
Tags: conditions
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oks
AT&T to enter Mexico with $2.5bn Iusacell buy
2014-11-10 01:00:00| Total Telecom industry news
U.S. telco giant plans to create consistent customer experience between two countries; aims to close deal in Q1 2015.
ATandT to Acquire Mexican Wireless Provider, Iusacell
2014-11-09 15:31:16| Telecom - Topix.net
Under the terms of the agreement, AT&T will acquire all of Iusacell's wireless properties, including licenses, network assets, retail stores and approximately 8.6 million subscribers. The acquisition will occur after Grupo Salinas, the current owner of 50 percent of Iusacell, closes its announced purchase of the other 50 percent of Iusacell that Grupo Salinas does not currently own.
Tags: wireless
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AT&T to acquire Mexico's Iusacell for USD 2.5 bln
2014-11-08 05:18:00| Telecompaper Headlines
(Telecompaper) AT&T has reached an agreement with Mexican holding Grupo Salinas to acquire mobile operator Iusacell for USD 2.5 billion, inclusive of Iusacell debt. Under the terms of the agreement, the US telco will acquire all of Iusacell's mobile properties, including licences, network assets, retail stores and approximately 8.6 million mobile subscribers. The acquisition will be completed after Grupo Salinas, the current owner of 50 percent of Iusacell, closes its announced purchase of the other 50 percent of Iusacell, previously owned by Televisa. Iusacell offers mobile service under both the Iusacell and Unefon brands with a network that covers about 70 percent of Mexico's population. AT&T said that it plans to expand Iusacell's network infrastructure to cover millions of additional consumers and businesses in Mexico. AT&T chairman and CEO Randall Stephenson said that the acquisition of Iusacell is a direct result of the telecoms reforms implemented by President Pena Nieto to encourage more competition and more investment in the local telecoms sector.