AT&T acquires Nextel Mexico for $1.875 billion

AT&T first announced its plans to acquire Nextel Mexico earlier this year and the acquisition is official as of today. This acquisition marks AT&T's second purchase of a Mexico-based wireless carrier after it acquired lusacell for $2.5 billion. In today's announcement, AT&T says it has plans to integrate the two providers into one company:

Earlier this year, AT&T acquired Mexican wireless provider Iusacell. AT&T will integrate Iusacell and Nextel into one company focused on bringing more choices, better service and faster mobile Internet speeds to more locations throughout Mexico. AT&T plans to create the first-ever North American Mobile Service area, which will cover more than 400 million consumers and businesses in Mexico and the United States.

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Source: AT&T