fachada_iusacell

AT&T on Friday announced that it is set to acquire Mexican carrier Iusacell for a total of $2.5 billion, including debt. The two companies have entered into an agreement, which will occur once investor group Grupo Salinas completes its own ongoing acquisition of Iusacell.

The plan, AT&T says, is to expand Iusacell coverage beyond its already near-9 million subscriber base in Mexico. The carrier sees a large potential for growth in the country thanks to recent competitive-friendly changes made to wireless regulations by President Peña Nieto.

“Our acquisition of Iusacell is a direct result of the reforms put in place by President Peña Nieto to encourage more competition and more investment in Mexico. Those reforms together with the country’s strong economic outlook, growing population and growing middle class make Mexico an attractive place to invest,”AT&T CEO Randall Stephenson said in the press release yesterday.

With 118 million subscribers, AT&T is the 2nd largest carrier in the US. Stephenson says it hopes to create the first-ever North American Mobile Service to cover 400 million people. “It won’t matter which country you’re in or which country you’re calling—it will all be one network.”

[AT&T]

  • Cesar Ventura

    Excelent news, good bye telcel and its ridiculous data plan, 250 dollars per month? Sad but true

    • Cody

      What do you get for $250 a month though? Is it all unlimited? Still damn expensive

      • Cesar Ventura

        Data, minutes, sms, but nobody uses sms, and calls are less often too, because of whatsapp

      • Cody

        All Unlimited? But still, dang. And I am sure not all Mexico has LTE right? I am on Verizon unlimited messages and minutes and 30GB of data for $130, I have coverage almost everywhere and LTE everywhere, sometimes it’s slow but well..

      • Jorge Gonzalez

        It depends on the region were you’re and the carries you have, the carrier with the best LET coverage is Telcel, while Isuacell only have general coverage on certain parts of…. Well, not much cities

      • Oscar Alaniz

        You could use your plan as a hotspot and not pay for internet in your house.

      • iKhalil

        And the difference in pesos for the iPhone is less! 🙁 you are almost paying the total price of the iPhone 🙁

      • Cody

        Don’t you have to buy the device full price in there?

      • iKhalil

        For example an iPhone 6 32GB is around $890 USD but If you get a plan (the tiniest one) you had to pay $15 USD monthly (for 2 years obligatory) for 200 MB, 200 minutes for call and 0 SMS and the iPhone’s cost is around $750 USD :/ too bad 🙁

      • Cody

        I did some research. You guys have to step up and stop “telcel” which is the major carrier company there. You guys only have one decent carrier which is telcel? Dang man! The fees and the plans you guys are getting are a total joke (with all the due respect). Also in my research I found out that ATT is a subsidiary of telcel. No bueno.

      • Ricky B

        Mr. CEO is the richest man on earth, FYI. So he’s obvs not gonna change anything unless other companies do so. There’s this one company that claimed bankruptcy in the US a few months ago that has a more decent plan down here: 6GB of data plan, 6000 minutes of voice, 600 texts for 44dlls/mo, which is better than anything telcel has to offer imo.

      • Cody

        Yessiree, I am aware that the CEO of telcel is the richest man on earth, but not because of that it means that he has to give these guys shitty plans and crazy prices.
        You have Cricket, MetroPCs giving you crazy unlimited plans for $40~$50 and they aren’t declaring bankruptcy any time soon. It’s all about the owner of telcel and the government. Not because telcel is afraid of going bankrupt.

      • Marco Urrea

        cricket was bought by att &t

    • Samuel Mtz

      I call bullsh*t, I have a 5s with 3GB of data and a great amount of minutes, more than I could use for just $36 dollars. That you are stupid enough to buy the most expensive plan is your fault.

      • Cesar Ventura

        Do you work at telcel by any chance?, you have to agree that in México everything is extremely overpriced

      • iKhalil

        Yeah, too expensive here! 🙁

      • Samuel Mtz

        Im 15, im pretty sure I don’t work at Telcel. Overpriced, yes, just don’t give false statements to prove your point.

    • Antzboogie

      Isn’t Mexico controlled by the Cartel. That country is ruled by drugs thanks AT&T.

      • Ángel Javier Esquivel

        Please, shut the f*ck up

  • iKhalil

    Yeah! Welcome AT&T to México! I want to see the iPhone cheaper and faster because this!

    • Cody

      Um. ATT has crazy hidden fees man.. Don’t get too excited.. Plus, I don’t think they will give you the devices cheaper at all. Probably the coverage will get better with that company (iusacell) but nothing else

      • iKhalil

        Well, I think that all would be better with this anyway :/

    • Ángel Javier Esquivel

      Faster, maybe, cheaper, never

      • iKhalil

        Well I don’t know, just yesterday Telcel gave me 800mb (I used to have 200) and 1000 minutes and 1000 sms for the same price

      • Ángel Javier Esquivel

        Personally I have had bad experiences with Telcel, right now I’m with Virgin Mobile and everything flows smooth

      • iKhalil

        Well ok, any way everything are flow in the iphone

  • If you buy your phone full price you don’t have to stick to Telcel’s ridiculous plans, I bought my iPhone 5s via apple’s online store, went to Telcel and built my own custom plan (everyone can do that) i’ve got unlimited local calls and 5gb data plan for just little over 40 USD.

    • Héctor Viveros

      So, what plan do you have?

      • Ángel Javier Esquivel

        The Dan Husk Plan

  • Jorge Gonzalez

    I’m not a fan of Iusacell, but this acquisition may affect the relation ship between AT&T and Telcel… However it will benefit a lot of people here in Mexico due to the business plans 😛

  • Cesar D

    }2competitive-friendly changes made to wireless regulations by President Peña Nieto.”

    great he makes changes for us to buy things but not for us to win money. When will we actually get a better economy….

  • Oscar Alaniz

    Let’s hope this brings some decent new plans. All plans in all companies are jokes. I would prefer T-Mobile, but I hope this is a start.