In the wake of closing its acquistion of Iusacell last week, AT&T announced Monday that it has agreed to acquire Nextel Mexico from NII Holdings.
According to a press release, AT&T has agreed to pay $1.875 billion, less outstanding net debt, for all of NII’s wireless properties in Mexico, including spectrum licenses, network assets, retail stores and approximately 3 million subscribers.
Nextel Mexico’s network covers approximately 76 million people, and AT&T says the acquisition will support its plans to bring greater competition and faster mobile Internet speeds to the Mexican wireless market.
AT&T said that it plans to create a “North American Mobile Service area” that will cover over 400 million consumers and businesses in Mexico and the United States.
Based on its recent closing of the Iusacell deal, AT&T expects the transaction to close in mid- 2015.
AT&T is coming off its $2.5 billion purchase of Iusacell, which included that carrier’s licenses, network assets, retail stores as well as its approximately 8.6 million subscribers.
AT&T last week announced that it will offer its customers unlimited calling from the United States to Mexico.