AT&T Expands Coverage To Mexico With $2.5B Iusacell Purchase

By 07:21 Thu, 22 Jul 2021 Comments

AT&T has decided to expand its reach beyond the US territory by agreeing to buy Mexican carrier Iusacell in a deal worth $2.5 billion. The purchase will create what AT&T calls “the first-ever North American mobile service area” and will bring the carrier’s total subscriber count to 400 million.

The purchase will enable AT&T subscribers to travel to Mexico without losing service or incurring huge roaming chargers. Or a large part of Mexico, at least, as Iusacell only covers 70% of the Mexican population.

Neither carrier has specified a time frame for closing out the deal, but gaining regulators’ approval is their next step. It’s also unclear if Iusacell will be rebranded or if AT&T will continue running it as a separate company, should the deal complete.

Source | Via



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