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AT&T formally completes Nextel purchase for USD 1.875 bln

Friday 1 May 2015 | 09:17 CET | News
AT&T has closed its acquisition of NII Holdings' Nextel Mexico business for USD 1.875 billion after the deal was approved by Mexico's telecom regulator IFT and the US Bankruptcy Court for the Southern District of New York, which is overseeing the restructuring of NII Holdings. The acquisition excludes around USD 427 million of net debt and other adjustments. The deal marks AT&T's second purchase of a Mexican mobile operator this year following its January acquisition of Iusacell for USD 2.5 billion. AT&T acquired all the companies operating under the name Nextel, including spectrum licenses,

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Categories: General
Companies: Iusacell / Nextel
Countries: Mexico / United States
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