AT&T invests $3 billion in bid to improve Mexico network

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AT&T retail store

Mobile operator AT&T said this week that it plans to invest around $3 billion in its high speed mobile Internet network in Mexico. AT&T, which owns the wireless carriers Iusacell and Nextell, said that it expects to cover more than 40 million people, or one third of the population, within the next 6 months. It aims to reach 100 million people by the end of 2018.

AT&T overhauls Mexican network

The company’s move into Mexico was in the wake of a huge overhaul in the sector, which forced Carlos Slim’s America Movil to open up its infrastructure and allows to interconnect to its network for free.

The company’s Chief Executive in Mexico, Thaddeus Arroyo, said last month that it will take several years to get the business where the company wants.

Part of the reform was a plan to tender the creation of a wholesale mobile broadband network that needs investment of around $7 billion.

The network will need some operators to become clients to attract investors, according to the minister in charge of the project.

SOURCE: Reuters.

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