AT&T Completes Nextel Mexico Purchase (5/1/15)
Friday, May 01, 2015 | Comments

AT&T completed its acquisition of companies operating under the name Nextel Mexico from NII Holdings, including spectrum licenses, network assets, retail stores and subscribers in Mexico, for $1.875 billion, less about $427 million of net debt and other adjustments. AT&T first announced the Nextel Mexico acquisition in January.

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.

The U.S. Bankruptcy Court for the Southern District of New York, which is overseeing the restructuring of NII Holdings, approved AT&T’s acquisition of Nextel Mexico. It was also approved by Mexico’s telecom regulator IFT (Instituto Federal de Telecomunicaciones).

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