Getting your player ready...
MEXICO CITY — AT&T Inc. plans to invest about $3 billion in Mexico to make its high-speed mobile Internet service available to 100 million people by the end of 2018, the U.S. telecommunications company said Thursday.
AT&T has spent about $4.4 billion this year in acquiring Mexican mobile company Grupo Iusacell and NII Holdings Inc. unit Nextel Mexico, setting up a beachhead to step up competition for billionaire Carlos Slim’s telecoms.
AT&T CEO Randall Stephenson outlined the investment plans in a meeting with Mexican President Enrique Peña Nieto on Thursday.
AT&T’s strategy for Mexico includes leveraging its U.S. network, which it will expand into a “North American Mobile Service Area” of 400 million potential consumers.
