Telefonica teams up with AT&T in Mexico in new bid to take fight to Slim

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11/21/19 – Reuters

By Julia Love

Spanish telecoms giant Telefonica has struck a deal to use some of U.S. rival AT&T’s infrastructure in Mexico, a move analysts said would better position both to compete with the market’s juggernaut, billionaire Carlos Slim’s America Movil.

Under the agreement announced on Thursday, Telefonica will use AT&T’s wireless ‘last-mile’ equipment – the final link of telecom networks that delivers service to consumers through towers, antennas and fiber-optic cables.

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TECHNOLOGY AT&T Push Into Mexico Vs. America Movil Looking Good So Far

4/28/2016 Investor’s Business Daily

A&T’s (T)push into Mexico’s wireless phone market seems to be gaining traction vs. incumbent America Movil (AMX), analysts say.

AT&T said it added 529,000 wireless subscribers in Mexico in Q1, with one-fourth the higher-spending postpaid customers who are billed monthly.  Late Tuesday, AT&T reported that its Q1 operating loss was $251 million, amid network investments and subscriber acquisition costs.

“This is now the second consecutive quarter with 500,000 plus net adds, giving us confidence in the execution of the strategy abroad,” said Amy Yong, a Macquarie analyst, in a report. “Profitability is also expected to improve by the second half of 2016. We expect free cash flow contribution could come as early as 2017.”

AT&T and America Movil both acquired more radio spectrum in a radio spectrum auction held by the Mexican government last quarter.

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Schnurman: AT&T bets billions on Mexico

10/31/2015 The Dallas News Morning 

13054621683_d35091f24a_zConservative politicians are still taking potshots at Mexico, but look where the smart money is going — and why.

AT&T, one of the world’s most forward-looking companies, spent $4.4 billion this year to buy two wireless firms in Mexico. It then pledged to invest $3 billion to build up a 4G network, aiming to make its wireless service available to up to 100 million people south of the border.

Last week, AT&T reported that it was losing money and customers in Mexico. But it’s early in the process, and the Dallas-based company said it was making progress and planning to spend even more.

Part of this is driven by changes at AT&T. With wireless penetration topping 100 percent in the United States, growth is slowing in its core business here; that makes international expansion a natural option. (The company diversified further by buying DirecTV this year.)

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AT&T to Buy Nextel Mexico for $1.88 Billion

By THOMAS GRYTA13054621683_d35091f24a_z.

AT&T on Monday took another step in its drive into Mexico by agreeing to buy Nextel Mexico for $1.88 billion, its second big deal in the country.

The Dallas-based telephone giant this month became the third-largest carrier in the country with 9.2 million subscribers when it closed its $2.5 billion deal to buy Mexican wireless operator Grupo Iusacell SA. The Nextel deal adds three million subscribers for AT&T, and will bring its wireless market share to about 12% once the two are combined, according to Citigroup data.

The purchase from NII Holdings Inc. includes airwave licenses, retail stores and a wireless network covering about 76 million people. The acquisition will need approval of the U.S. Bankruptcy Court and Mexican regulators, and will be conducted through an auction administered by the court.

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AT&T’s Mexico deal a cheap foothold outside saturated U.S. market

11/11/14 Reuters

cell-phone-imgaeAT&T’s $1.7 billion agreement to buy Iusacell, Mexico’s No. 3 cellular operator, puts it in the unfamiliar position of market underdog, owning an asset that may require billions in investment to catch up to the market’s two larger players. But analysts and investors say the deal could be a cheap way to get a foothold in Latin America’s second-largest economy and learn the market’s contours before plotting more ambitious acquisitions.To be sure, extending AT&T’s high-speed service across the border will require significant investment in Iusacell’s patchy network, marketing and new retail stores. That growth will put AT&T in direct competition with former ally Carlos Slim’s America Movil, whose shares have fallen some 3 percent since news of the deal.

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AT&T Prowling for More Latin America Deals After DirecTV

10/08/14 Bloomberg

globe - south america - connections to worldEven after buying DirecTV and its 18 million subscribers in Latin America, AT&T Inc. (T) is on the lookout for more acquisitions in the region, which is growing 10 times faster than the U.S. The $48.5 billion takeover — inching closer to completion after DirecTV shareholders voted in favor — will give AT&T satellite-TV subscribers across Latin America, particularly in Mexico and Brazil. The deal will mark AT&T’s first push outside the U.S. in more than a decade, expansion that is crucial to driving growth as the domestic wireless industry becomes more saturated, according to Fitch Ratings.

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AT&T Strategy Chief Sees Opportunity in Mexico, Latin America

09/17/14 Bloomberg

cell-phoneAT&T Inc. (T) Chief Strategy Officer John Stankey said Mexico is poised for investment, and that he sees a lot of options, both near-term and long-term, in Latin America. Stankey’s comments at an investor conference were the clearest sign yet that the largest U.S. phone-service provider is interested in expansion into Mexico, where America Movil SAB (AMXL) plans to sell assets to invite a new competitor into the market. AT&T has also looked at Europe for potential investments, Stankey said. He didn’t mention any specific plans to expand in either region.

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AT&T Signals Interest in Mexico as Carlos Slim Unloads Assets

09/16/14 The Wall Street Journal

financeA top AT&T Inc. executive said the company is open to acquisitions in Mexico, where the telephone giant controlled by former partner Carlos Slim is planning to sell assets. América Móvil has said it would sell off parts of its sprawling operations to cut its market share to below 50% from about 70% to avoid a regulatory crackdown, creating a rare opening for an acquirer to get a foothold in the country.

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Slim to Buy AT&T Stake in America Movil for $5.6 Billion

6/28/14 Bloomberg

carlos slimBillionaire Carlos Slim will buy out AT&T Inc. (T)’s stake in America Movil SAB for $5.57 billion, propping up his Latin American mobile-phone company’s stock price as his longtime partner from the U.S. exits the business.

Slim’s holding company, Inmobiliaria Carso, told America Movil’s board it will acquire AT&T’s 8.3 percent stake, which includes 24 percent of the company’s voting shares, according to a filing yesterday. AT&T will receive $4.57 billion at the close of the sale and another $1 billion within 60 days of the closing, the Dallas-based company said in a separate filing.

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AT&T launches wireless plan for Mexico

Photo by Flickr user Todd Kravos
Photo by Flickr user Todd Kravos

San Antonio Business Journal, 8/3/2009

AT&T Inc. has developed a new wireless plan that will offer customers special rates when calling friends and family in Mexico.

The AT&T Viva Mexico plan eliminates long-distance charges on wireless calls between the United States and Mexico. The plan also offers 1,000 minutes to use in the United States and Mexico and saved unused minutes through AT&T’s Rollover feature.

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