Sunday, November 9, 2014

AT&T buying Lusacell from Mexico for 1.8 billion US dollars

AT&T is buying Mexican operator network  carrier  Lusacell  for 1.8 billion US dollars.

 Lusacell have 8.6 million suscribers.AT&T sees potential for  growth  in Mexico.

 Mexico is still in the early stages of mobile  Internet capabilities and adoption, but customers demand for  it is growing rapidly,said AT&T CEO Rolland Stephenson.

 The  acquisition could potentially lead to plans that include free or reduced rates  for USA residents traveling in or calling to Mexico  or the other way around.

 AT&T shares  rose $19cents to $34.91 on Friday and  gained 9 cents to $35 in aftermarket trading.

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