AT&T to spend $3B on expanding Iusacell network in Mexico

AT&T Inc. plans to invest about $3 billion to build up its recently acquired Iusacell mobile phone network in Mexico.

Iusacell announced Thursday that the plan will extend voice and data services to cover about 100 million people in Mexico by 2018.

AT&T spent about $4.4 billion to buy both Iusacell and the Nextel Mexico system between November and January. AT&T said in January that it plans to create the first North American mobile service area covering more than 400 million consumers and businesses in Mexico and the U.S.

The announcement of the Iusacell expansion came at a meeting between AT&T CEO Randall Stephenson and Mexican President Enrique Pena Nieto.


Explore further

AT&T says it will buy Mexico's Iusacell for $1.8B

© 2015 The Associated Press. All rights reserved.

Citation: AT&T to spend $3B on expanding Iusacell network in Mexico (2015, June 25) retrieved 24 February 2020 from https://phys.org/news/2015-06-att-3b-iusacell-network-mexico.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
22 shares

Feedback to editors

User comments