AT&T has posted its 2014 full year results, showing financial strain as it made a loss of nearly $4 billion in the last quarter alone. However, the operator still managed to exceed analyst expectations, albeit narrowly as it earned 55 cents per share (excluding exceptional items), a penny more than expected.
US operator AT&T has announced unlimited calls at no additional cost to all Mexican numbers as part of its international World Connect Value offering. This follows AT&T’s finalised $2.5 billion acquisition of Mexican Iusacell last week, and could be the first sign of the US telco’s previously stated plan to create a single North American service area covering the US and Mexico.
It looks like things are set to get a whole lot more competitive for Carlos Slim, the man who currently dominates the Mexican telco market. US giant AT&T has had its bid to buy the country’s third largest operator – Iusacell – approved by the Mexican telco regulator.
AT&T has announced it has agreed to acquire Iusacell from Grupo Salinas for $2.5 billion, including the mobile operator’s debt, all wireless properties and its 8.6 million subscribers. However, the transaction will only take place once Grupo Salinas has finalised its purchase of 50% of Iusacell that it currently doesn’t own.
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