AT&T announced today that it has acquired Nextel Mexico for $1.875 billion. AT&T first announced its plans to acquire Nextel Mexico earlier this year and the acquisition is official as of today. This acquisition marks AT&T's second purchase of a Mexico-based wireless carrier after it acquired lusacell for $2.5 billion. In today's announcement, AT&T says it has plans to integrate the two providers into one company:
Earlier this year, AT&T acquired Mexican wireless provider Iusacell. AT&T will integrate Iusacell and Nextel into one company focused on bringing more choices, better service and faster mobile Internet speeds to more locations throughout Mexico. AT&T plans to create the first-ever North American Mobile Service area, which will cover more than 400 million consumers and businesses in Mexico and the United States.
It will be interesting to see if this deal, along with the combination of Nextel Mexico and lusacell, will eventually bring some intriguing offerings for customers in both the U.S. and Mexico alike.