AT&T buys Iusacell for $2.5B, expanding its Mexican wireless business

AT&T (NYSE: T) will acquire Mexican wireless network operator Iusacell for $2.5 billion, a figure that includes Iusacell's debt. With the acquisition, AT&T said it will gain Iusacell's 8.6 million wireless customers, its 3G GSM/UMTS network that covers roughly 70 percent of Mexicans, and the ability to offer "the first-ever North American Mobile Service area covering over 400 million consumers and businesses in Mexico and the United States," the company said. FierceWireless has a full rundown here.

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