AT&T to Buy Nextel Mexico for $1.9 Billion [telecom]

By MICHAEL J. DE LA MERCED

AT&T continued its southward expansion on Monday, agreeing to buy Nextel Mexico for nearly $1.9 billion as part of its campaign to expand its Latin American presence.

The deal is the second struck in Mexico by the telecommunications giant since November, when the company bought the big wireless service provider Iusacell for $2.5 billion.

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