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Mexico: AT&T to Buy Nextel Mexico for $1.9 Billion

By  |  January 26, 2015

AT&T, the second-largest U.S. mobile-phone carrier, agreed to buy Nextel Mexico’s wireless assets for $1.875 billion in its third deal to expand south of the U.S. border.

The acquisition includes companies that operate under the name Nextel Mexico, spectrum licenses, network assets, retail stores and about 3 million customers. The deal  will bolster AT&T’s position in Mexico, which began with its $2.5 billion purchase of Iusacell.

AT&T has made it clear that international expansion has become one of its top priorities. One of the important parts of its pending $49 billion acquisition of DirecTV.

The deal that is expected to close by the middle of the year is subject to bankruptcy auction and approvals by the US Bankruptcy Court for the Southern District of New York and Mexico’s telecom regulator.

Full Content: The New York Times

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