AT&T to invest $3 bln to boost Mexico mobile network

The monumental hypothesis associated declaration is significant on the grounds that AT&T forayed into the Mexican mobile service enterprise simply prior this yr, with its US$four.four billion securing of Grupo Iusacell and Nextel Mexico.

CEO Randall Stephenson said today that his company plans to invest $3 billion over the next three years extending high-speed service to Mexico.

The initial investment is expected to see AT&T build out services covering 40 million potential customers by the end of the year.

“Reforms introduced by President Peña Nieto, with support from the Mexican Congress and IFETEL, have given us the ability to invest in building an advanced mobile network in Mexico…The mobile Internet in the USA created an engine of economic growth”.

AT&T’s strategy for Mexico includes leveraging its USA network, which it will expand into a “North American Mobile Service Area” of 400 million potential consumers.

By the end of 2016, the operator expects its mobile network to reach 75 million people, nearly two-thirds of the population to achieve reach 100 million people by the end of 2018.

Starting next month, AT&T’s Mexican customers will be able to use their individual plans for voice, data and messaging while in the US and will be able to call friends and family in the US who are on the AT&T network, the company said.

The carrier also plans to launch Google Play billing in Mexico, the first in a Latin American country.

AT&T entered the Mexican mobile market with the $2.5 billion purchase of Iusacell earlier this year.

Stephenson cited recent reforms instituted by Mexico’s regulators designed to enhance competition in the country’s telecom market that is presently dominated by América Móvil as an opening to the new investments.

AT&T presently counts a total of around 9 million wireless customers in Mexico. That’s roughly the same spectrum bands AT&T uses in the United States for its wireless business.

<

p style=”text-align: center;”>President Enrique Peña Nieto attended the announcement of an $3 billion AT&T investment in Mexico

Loading...

Add Comment