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Wireless

AT&T allowed to buy Mexico's Iusacell

Monday 22 December 2014 | 16:54 CET | News
Mexican telecoms services regulator Ifetel has authorized US operator AT&T to acquire mobile operator Iusacell with unspecified conditions. The watchdog said it set conditions on the deal to avoid risks to the process of competition in the local mobile telephony market. Last month, the US company reached an agreement with Grupo Salinas to acquire Iusacell for USD 2.5 billion. Under the terms of the agreement, AT&T acquired all of Iusacell's mobile properties, including licences, network assets, retail stores and approximately 8.6 million mobile subscribers.

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Categories: Mobile & Wireless
Companies: Iusacell
Countries: Mexico
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