AT&T To Invest Around $3 Billion In Mexico
AT&T (T) has announced plans to offer its mobile Internet service to 100 million consumers and businesses in Mexico by year-end 2018.
To accomplish this goal, AT&T will invest approximately $3 billion to extend its mobile Internet service to Mexico.
AT&T said the first phase of its new mobile network could be completed in the next six months. The telecommunications giant noted that this network will initially cover 40 million Mexicans and could support 75 million Mexicans by the end of next year.
“We are building a network in Mexico that is capable of bringing innovation and economic vitality to the country, just as we have done in the U.S.,” AT&T CEO Randall Stephenson said in a prepared statement. “We plan to deliver high-quality, high-speed mobile Internet service to Mexico. … This seamless network will link together our two countries’ economies, people and cultures like never before.”
In addition, AT&T noted that it will introduce new plans for its Mexican customers who take advantage of the company’s North American Mobile Service Area. These plans are expected to be available next month, AT&T said.
AT&T in January reached an agreement with NII Holdings (NIHD), a multinational telecommunications company, to acquire its wireless business in Mexico for $1.875 billion. Under the terms of the agreement, AT&T acquired companies that operate under the name Nextel Mexico, along with spectrum licenses, network assets, retail stores and approximately 3 million subscribers.
An AT&T spokesperson told Talkin’ Cloud that AT&T and Nextel Mexico together plan to create the first North American mobile service area covering over 400 million consumers and businesses in Mexico and the United States.
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