ALFA has completed its acquisition of AT&T's (NYSE: T) 49 percent stake in Mexican service provider Alestra. Now that the deal is closed, which was originally announced in April 2011, ALFA is now Alestra's sole shareholder.
Neither AT&T nor ALFA would reveal any financial details of the deal, but it was approved by Mexican regulatory authorities.
While AT&T is selling its stake in Alestra, it's not leaving the Mexican telecom market altogether. It will continue to provide telecom services to businesses in Mexico through its AT&T Global Network Services subsidiary.
For more:
- see the release
Related articles:
AT&T sells its holding stake in Alestra to Alfa
AT&T sells Japanese domestic outsourcing unit to IIJI
AT&T sells off its Sterling Commerce unit to IBM