AT&T to Buy Nextel Mexico for $1.88 Billion
AT&T said it’s buying NII Holdings’ Nextel Mexico wireless business for $1.88 billion. The deal includes Nextel Mexico’s spectrum licenses, network assets and 3 million subscribers. AT&T said its purchase of Nextel Mexico will “support AT&T’s plans to bring greater…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
competition and faster mobile Internet speeds to the Mexican wireless market.” The deal also will advance AT&T’s plan to create North American mobile service area that covers more than 400 million consumers in Mexico and the U.S., the carrier said Monday. AT&T said it expects the deal to close by the middle of the year, pending approval by a federal bankruptcy court in New York “which is overseeing the restructuring of NII Holdings.”