A PYMNTS Company

Mexico: AT&T brushes of Telcel quip, invests $250 million in Mexico City

By  |  October 27, 2015

American telecommunications operator AT&T has announced plans to invest up to $250 million as part of their development plan in Mexico City, said General manager Thaddeus Arroyo. Mexico City mayor Miguel Angel Mancera has said that this investment, equivalent to 4.3 billion pesos, will help generate up to 7,600 jobs.

“Last June we announced our company’s plans to invest around three billion dollars in order to deploy our high-speed mobile network, which by the end of 2018 will serve around 100 million people throughout Mexico” said Mr. Arroyo.

The company’s manager dismissed recent declarations by Daniel Hajj, CEO of rival operator América Móvil (Telcel), who had insinuated that the asymmetrical regulations on connection fees and similar measures enacted on the company could be seen as a form of ‘subsidy’ of the market leader’s rivals. “The rules and measures we have in place are necessary. We only have 8% of the market, and it’s important for dominant players to first comply with the measures imposed on them”.

Source: Los Tubos

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