AT and T Mexican move could lead to expansion
Tuesday, November 11, 2014
AT&T’s agreement to buy Mexico’s third-largest wireless carrier is likely the first move in a broader expansion into the country, one that could have implications for consumers in the U.S. as the carrier shifts attention and resources south of the border.
The telecom giant paired the Friday announcement of its $2.5 billion acquisition of Iusacell with a declaration that its capital expenditures would be $3 billion lower than Wall Street had expected for next year.
Analysts expressed uncertainty about which parts of AT&T’s business would be affected by the capital expenditure cuts, which come as the carrier’s rivals are getting more aggressive in their hunt for customers.
Source: Wall Street Journal