ATT aims to go to the top in Mexican telecoms

U.S. telecommunications giant AT&T plans substantial investments in Mexico to expand and upgrade its mobile network as it seeks to increase market share and become a leader in the industry, AT&T Mexico’s Chief Executive Thaddeus Arroyo said.

AT&T bought mobile-service provider Iusacell in the first quarter for $2.5 billion, including debt, and in late April paid $1.88 billion for NII Holdings Inc. unit Nextel Mexico.




Source: Wall Street Journal