CALA News (Jan 2015)
A roundup of tower news across Latin America
Mexico: AT&T acquires Nextel Mexico
AT&T will buy NII Holdings’ Mexican assets for US$1.875bn including Nextel Mexico, spectrum licenses, network assets, retail stores and its customer base of approximately 3 million. The transaction follows the bankruptcy filing of NII Holdings in Q3 2014.
Mexico: América Móvil spins of Sercotel
América Móvil is planning to spin off Sercotel and the move has already been approved by its shareholders. In the meantime, América Móvil has reached out to potential buyers including Softbank Corp. of Japan, Bell Canada, China Mobile and AT&T with views to discuss the possible sale of Telmex and Telcel in a deal valued as much as US$20bn.