AT&T $1.9 billion acquisition of Nextel Mexico

Overview:

• AT&T has acquired Nextel Mexico in a $1.9 billion deal.
• Nextel Mexico was sold by former owner NII Holdings.
• The expanded network will cover over 400 million people in the US and Mexico.
• The move is seen as a way to help NII get out of bankruptcy.
• Sullivan & Cromwell (Sergio Galvis, Werner Ahlers, Michael Torkin, Nader Mousavi, Andrew Mason, Matthew Friestedt) advised AT&T.
• Jones Day (Robert Profusek, John Kane, Scott Greenberg) advised NII.

Kurt Stumpo - Journalist - North America and the Caribbean