AT&T CEO Randall Stephenson said he is enthusiastic about the growth prospects for the company in Mexico following the company's announcement of a $2.5 billion deal to purchase Mexican operator Iusacell. He also said that a large portion of the customer base of AT&T's Cricket prepaid brand has personal connections to the Mexican market, and there will be synergies between Cricket and Iusacell.
AT&T's decision to buy No. 3 Mexican wireless carrier Iusacell for $2.5 billion is likely a precursor to a larger move by AT&T into the Latin America market, potentially via a deal for some of América Móvil's assets or a push into Brazil, according to financial analysts. The deal could also possibly make it more likely that América Móvil will look to make a deal with T-Mobile US, though América Móvil has said it is not in talks with T-Mobile.
AT&T announced it plans to acquire Mexican wireless network operator Iusacell for $2.5 billion, a figure that includes Iusacell's debt. Via the acquisition, AT&T said it will gain Iusacell's 8.6 million wireless customers, its 3G GSM/UMTS network that covers roughly 70 percent of Mexicans, and the ability to offer "the first-ever North American Mobile Service area covering over 400 million consumers and businesses in Mexico and the United States," the company said.
HALF MOON BAY, Calif.--Wickr, a secure messaging application that encrypts data from end to end and lets users destroy messages they receive, hopes to be the platform that powers similar messaging capabilities for Facebook Messenger, Snapchat and many other messaging services, according to CEO Nico Sell.
Sprint parent SoftBank is looking to expand its reach in the Western Hemisphere by investing in Mexican wireless carrier Grupo Iusacell as part of an effort to ride growth in the Latin American market, according to a Bloomberg report.
Mexico's Secretario de Comunicaciones y Transportes (SCT) on Thursday announced that Iusacell, Telmex, and Bestel won bids for 40 municipal broadband contracts.
NII Holdings, which delivers mobile services in Latin America under the Nextel brand, expects to launch its WCDMA/HSPA+ network in Mexico during this year's third quarter.
Iusacell, a Mexican wireless operator, is moving forward with its quad-play Totalplay service plans. Initially available in Toluca and the Mexico City capital, the new offering will bundle its
TI targets National Semiconductor Texas Instruments has shocked analy
A three-part consortium led by Mexico-based Televisa (Mexico: TLEVISACPO.MX) has become only qualified bidder for two dark fiber strands being sold by Mexican power company Comision Federal de