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At&t To Acquire Mexico's Iusacell For $1.7 Billion


Ron Burgundy
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An AT&T logo and communication equipment is shown on a building in Los AngelesBy Marina Lopes and Elinor Comlay WASHINGTON/MEXICO CITY (Reuters) - AT&T Inc agreed to pay $1.7 billion to acquire Mexico's third-largest wireless operator, Iusacell, as it seeks to grab a slice of a market with lower cellular penetration than the United States and faster potential growth. Mexico's government earlier this year implemented reforms to shake up its telecom and broadcast market by weakening the dominance of broadcaster Grupo Televisa and billionaire Carlos Slim's cellphone and fixed-line company America Movil. ...




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