AT&T announces major $2.5 billion acquisition that takes it into uncharted territory

  • Thread starter Thread starter Zach Epstein
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Zach Epstein

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AT&T on Friday afternoon announced a major deal that, if approved, will see the United States' No. 2 wireless carrier become a major player in Mexico as well. The company announced that it has reached a deal to acquire Mexican wireless service provider lusacell from Grupo Salinas for $2.5 billion. The deal includes all of lusacell's spectrum licenses, network assets and retail stores. lusacell currently serves 8.6 million subscribers and, according to AT&T, its network covers 70% of the population of Mexico.

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