AT&T Agrees to Buy Nextel Mexico for $1.875 Billion Minus Debt
January 26, 2015
AT&T agreed to buy NII Holdings’s Mexican business for $1.875 billion minus debt.
The deal includes companies that operate under the name Nextel Mexico, spectrum licenses, network assets, retail stores and about 3 million customers. “The acquisition of Nextel Mexico will support AT&T’s plans to bring greater competition and faster mobile Internet speeds to the Mexican wireless market,” AT&T said. In November 2014, AT&T agreed to buy Grupo Iusacell SA in Mexico from billionaire Ricardo Salinas for $2.5 billion to expand further into Latin America. Nextel Mexico’s network covers about 76 million people. AT&T said it plans to combine Nextel Mexico with Iusacell.
AT&T Agrees to Buy Nextel Mexico for $1.875 Billion Minus Debt