AT&T Mexico

AT&T Mexico
Subsidiary of AT&T
Industry Telecommunications
Predecessor Iusacell
Nextel Mexico
Founded 2015 (2015)
Headquarters Mexico City, Mexico
Key people
 F. Thaddeus Arroyo[1] (CEO)
Products Wireless
Telephone
Internet
Number of employees
 7,835
Parent AT&T Inc.
Subsidiaries Unefón[2]
Slogan Movilizando tu mundo (Mobilizing your world)
Website www.att.com.mx

AT&T Mexico (Formerly Iusacell and Nextel Mexico) is a Mexican mobile telephone operator and subsidiary of AT&T, which is headquartered in Mexico City. AT&T Mexico has presence in 70% of Mexico, serving 8% of the Mexican wireless market at the end of 2014.[3]

History

The company was originally Iusacell, a Joint venture at a rate 50% each, between Grupo Salinas and Grupo Televisa,[4] however, on Wednesday, January 25, 2012, Cofetel determined temporarily refuse Televisa-Iusacell merger, with three votes against because damage illegally to third parties and hindering competition in open and pay television, This blockade was decided because of the veto until 2012 with Televisa and TV Azteca against Grupo Carso the first quarter of 2012.5 However, it was accepted with different conditions, among which are advertising time allowing any company without condition, prohibit staff of Grupo Televisa and Grupo Salinas, in addition to not hinder the bid of a third television network, and if not achieved within two years, dismantle the fusión.6 currently has 8 million 200 thousand users. The company also offers local and long distance Internet through the airwaves or fiber optic (which is available only in some neighborhoods of Mexico City and the states of Jalisco and Nuevo León) under the brand Iusatel, messaging services (SMS, MMS and email), mobile TV and mobile broadband (with your brand BAM). On Friday November 7, 2014 the US company AT&T announced the acquisition of Iusacell by 2,500 million, including debt.

Services

The company provides cellular services reaching about 90% of Mexico's population, including Mexico City and received more licenses to cover the remaining regions in early 2005. It has more than 5.4 million subscribers (68.6% are prepaid). The company also offers local and long-distance telephony, messaging services, mobile television and wireless broadband services (BAM).

History of Iusacell

Verizon merged with (topramin cellular) Communications and Vodafone Group together acquired 74% of the company in 2001 from the Peralta family, which founded Iusacell in 1987. But following Iusacell's default on debts, the two companies in 2003 sold their stake to Ricardo Salinas Pliego's Movil@ccess in a deal valued at $7.4 billion.

Movil@ccess tender offer

In June 2003 a Movil@ccess (Movilaccess) of Grupo Salinas, extended a tender offer to purchase the control of Grupo Iusacell's stock, by the time Grupo Salinas already own a mobile phone company, Unefon, but the other major stock holder of Unefon, Grupo Sada, disagreed in the purchase of Iusacell because of the debt and low profit problems. The former controlling shareholders of Grupo Iusacell (BMV: CEL: Latibex: XCEL), Verizon and Vodafone, agreed to tender the entirety of their stock, which resulted in the acquisition of a majority interest by Grupo Salinas.

Merger with Unefon

In March 2007, Grupo Iusacell agreed to merge with Unefon Holdings, another company of Grupo Salinas. Unefon Holdings is the holding company owner of the capital stock of Unefon, wireless telephony operator focused on Mexico’s mass market. From the integration process, Grupo Iusacell remains as the merging company and Unefon Holdings as merged.

The new company was born with more than 3.4 million subscribers, equivalent to approximately 7% of the wireless telecommunications market in Mexico. The company has national coverage, and integrates the only two providers of wireless telecommunications services in the country using CDMA technology.

Grupo Iusacell, through its two brands, Iusacell and Unefon, was the first wireless cellular service provider in the country with a third-generation platform (3G CDMA EVDO) that gives users access to a wide range of other telecommunications services and multimedia applications, making the cell phone an efficient vehicle for data transmission and value added services besides voice.

On 15 November 2010 Iusacell launched their HSPA+ network with speeds up to 21 Mbit/s. Alike U.S. carrier T-Mobile US, also branded "4G."

Recent news

In September 2014, it was announced that Grupo Salinas would acquire Grupo Televisa’s 50 percent stake in Iusacell for a fee of $717 million.[5] On 8 January 2015, Grupo Televisa announced that the sale of its 50 percent stake had been completed.[6]

Merger of Iusacell and Nextel into AT&T

Former logo of Iusacell

In November 2014, AT&T announced it would acquire the Mexican wireless company Iusacell for US$2.5 billion from Grupo Salinas.[7] The price includes $800 million in debt.[7] Under the terms of the agreement, AT&T would acquire all of Iusacell wireless properties, including licenses, network assets, retail stores and approximately 8.6 million subscribers. The purchase was completed on 16 January 2015.[1] AT&T launched several new plans on August 24, 2015 under the AT&T brand and will begin renaming Iusacell and Nextel stores by the end of the year in a process that is expected to be completed by the end of 2016. AT&T’s recently announced that it plans to invest an additional $3 billion in Mexico through 2018 to expand its high-speed mobile broadband coverage to 100 million people, The company currently holds the largest amount of spectrum in the country. While gradually moving the Nextel and Iusacell brands to AT&T premium services,AT&T intends to keep the Unefon brand, which was part of Iusacell, for low-end prepaid users.[8]

See also

References

  1. 1 2 "AT&T Names Arroyo as CEO of Mexican Iusacell Mobile Unit". Bloomberg. Retrieved 16 January 2015.
  2. ↑ https://www.telegeography.com/products/commsupdate/articles/2015/08/26/att-mexico-rebranding-underway-unefon-to-be-preserved-as-budget-brand/
  3. ↑ "Panorama general del mercado mexicano por la UIT". Unión Internacional de Telecomunicaciones. 2010. Retrieved 9 December 2012.
  4. ↑ Mexicana Televisa acuerda comprar 50% de Iusacell: Univisión Noticias
  5. ↑ Mexico's Salinas to buy Televisa Iusacell stake for $717 million. Reuters, 11 September 2014
  6. ↑ "Mexico's Televisa completes sale of its 50 pct stake in Iusacell". Reuters. Retrieved 9 January 2015.
  7. 1 2 "AT&T Buys Mexico Mobile Carrier Iusacell for $2.5 Billion". Bloomberg. Retrieved 16 January 2015.
  8. ↑ http://www.wsj.com/articles/at-t-begins-rebranding-in-mexico-1440444273

Sources

External links

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