4183
AT&T to Acquire Iusacell
World Economy

AT&T to Acquire Iusacell

AT&T Inc agreed to pay $1.7b 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. AT&T is looking to tap into the growing cellphone market in Latin America’s No. 2 economy now that the government is encouraging foreign investment in the sector, Chief Financial Officer John Stephens told Reuters.

Short URL : http://goo.gl/GZLbwV

You can also read ...

If both sides continue with tit-for-tat tariffs, the inflation would lead to further increases in interest rates  and give rise to disturbances in the currency markets.
The trade war between the US and China risks substantially...
Hong Kong’s GDP fell to 3.5% in the second quarter.
The outlook for Hong Kong’s economy is darkening as rising...
Norway to Surpass Sweden
Sweden’s economic prospects have dimmed in recent months and...
Crypto Market Struggles as Bitcoin Dips Below $6,000
Bitcoin touched below $6,000 and dozens of smaller digital...
China Growth Momentum Slows
China’s economy hit a mid-year rough patch as efforts to curb...
Many emerging market economies are better prepared now because they have a good international reserve position and they allow their exchange rates  to float more freely.
Italian economist Claudio Borio is considered an authority in...
German Economy Beats Forecasts
Unfazed by a mounting number of uncertainties, Europe’s...
Lebanon Economy Struggling
Lebanon’s economy has been in a precarious position in recent...

Trending

Googleplus