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Mexico's foreign investment surges to $1.6 billion

Monday, February 22, 2016

Foreign direct investment in Mexico rose by a fourth last year to reach $1.6 billion, the country's economy ministry said in a statement on Sunday.

The ministry said the increase was due to U.S. telecoms company AT&T paying more than $2 billion to acquire Mexican wireless operators Iusacell and Unefon, as well as the purchase of Vitro's glass container business by U.S.-based Owens-Illinois for about $2.15 billion.

Source: Reuters