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ATT aims to go to the top in Mexican telecoms

Thursday, May 21, 2015

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