Days after reports emerged that AT&T is looking to invest in Mexican wireless operator Iusacell, analysts say America Movil’s plans to partner with the US carrier will likely be thwarted.
AT&T said earlier this month that it reached an agreement to purchase Iusacell for $2.5 billion. The deal will boost Iusacell, the nation’s third-place wireless company, into a stronger position against market leader America Movil, which was declared dominant by competition authorities with a 70 percent share of the mobile market.
That declaration has lead America Movil owner Carlos Slim to plan divestitures. Last July, reports say Slim warned it would take time to offload assets. Soon after, AT&T rival Verizon said it had no interest in Mexican investments, while AT&T itself downplayed interest in a deal.
Other contenders to acquire America Movil shares include Vodafone and Japan-based Softbank, reports say.
Following AT&T’s announcement about Iusacell, the company said the move allows the company “a nice scalable growth platform without the America Movil assets.”
Full content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Automakers Challenge Maine’s Right to Repair Law
Feb 12, 2025 by
CPI
Senators Urged to Expedite Gail Slater’s Confirmation as DOJ Antitrust Chief
Feb 11, 2025 by
CPI
Former Michigan Asphalt Executive Pleads Guilty in Bid-Rigging Scheme
Feb 11, 2025 by
CPI
Ballard Spahr Expands Litigation Team with Addition of Antitrust Attorney in Seattle
Feb 11, 2025 by
CPI
Portuguese Court Overturns €225 Million Fine for Banking Collusion Due to Statute of Limitations
Feb 11, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Criminal Enforcement
Jan 23, 2025 by
CPI
The Antitrust Division’s Recent Work to Combat International Cartels
Jan 23, 2025 by
Emma Burnham & Benjamin Christenson
Information Sharing: The New Frontier of U.S. Antitrust Enforcement
Jan 23, 2025 by
Brian P. Quinn, Casey Kovarik & Michael Tubach
The Key Role of Guidelines on Exchanges of Information Among Competitors and the Divergent Transatlantic Paths
Jan 23, 2025 by
Rosa Abrantes-Metz & Albert Metz
Leniency, Whistleblowers, and Compliance
Jan 23, 2025 by
Richard Powers, Tara O’Malley & Cory Gordon