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Wireless

AT&T to acquire Mexico's Iusacell for USD 2.5 bln

Saturday 8 November 2014 | 05:18 CET | News
AT&T has reached an agreement with Mexican holding Grupo Salinas to acquire mobile operator Iusacell for USD 2.5 billion, inclusive of Iusacell debt. Under the terms of the agreement, the US telco will acquire all of Iusacell's mobile properties, including licences, network assets, retail stores and approximately 8.6 million mobile subscribers. The acquisition will be completed after Grupo Salinas, the current owner of 50 percent of Iusacell, closes its announced purchase of the other 50 percent of Iusacell, previously owned by Televisa. Iusacell offers mobile service under both the Iusacell

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Categories: Mobile & Wireless
Companies: Iusacell
Countries: Mexico / United States
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