AT&T To Acquire Nextel Mexico For $1.9bn

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AT&T has agreed to acquire Nextel Mexico for $1.88 billion, less than two weeks after completing the $2.5 billion purchase of Iusacell.

Nextel provides mobile services to approximately 3 million customers and its network covers around 76 million people. AT&T said on Monday that it will take ownership of Nextel’s wireless properties, including spectrum licences, network assets, retail stores and subscribers. It aims to close the transaction in mid-2015.

“The transaction with AT&T ensures that customers of Nextel Mexico will continue to be served by a high quality telecommunications company committed to providing innovative products, services and solutions to the market,” said a statement from Steve Shindler, CEO of Nextel Mexico’s parent company NII Holdings, which is currently under bankruptcy protection.

Nextel Mexico will become part of AT&T’s North American service area encompassing the U.S. and Mexico. It will treat the customers and businesses it covers as though they are on a single network and provide a consistent customer experience. Original post at Total Telecom

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Wahengbam Rorrkychand

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