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AT&T Mexico

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AT&T Mexico

AT&T Mexico, S.A.U. (formerly known as Iusacell and Nextel Mexico), also known as AT&T Mexico Wireless and AT&T Mexico Mobility, is a Mexican mobile telephone operator and subsidiary of AT&T. AT&T Mexico is headquartered in Mexico City. Its mobile network is available in 90% of Mexico, serving 13% of the Mexican wireless market. AT&T is the third-largest wireless carrier in Mexico, with 22.636 million subscribers as of July 2024. AT&T Mexico operates under the AT&T Latin America division.

The company provides cellular services reaching about 90% of Mexico's population. The company also offers local and long-distance telephony, messaging services, mobile television and wireless broadband services.

AT&T Mexico was originally Iusacell prior to its acquisition by AT&T.

Bell Atlantic (now Verizon Communications) and Vodafone Group together acquired 74.5% of the company in 2001 from the Peralta family, which founded Iusacell in 1987. But following Iusacell's default on debts, the two companies in 2003 sold their stake to Ricardo Salinas Pliego's Movil@ccess in a deal valued at $7.4 billion.

In June 2003 a Movil@ccess (Movilaccess) of Grupo Salinas, extended a tender offer to purchase the control of Grupo Iusacell's stock. At the time Grupo Salinas already own a mobile phone company, Unefon. The other major stock holder of Unefon, Grupo Saba, objected to the purchase of Iusacell because of debt and low profit problems. The former controlling shareholders of Grupo Iusacell, Verizon and Vodafone, agreed to tender the entirety of their stock, which resulted in the acquisition of a majority interest by Grupo Salinas.

In March 2007, Grupo Salinas announced its intention to merge Iusacell with Unefon Holdings. Unefon was a wireless telephony operator focused on Mexico's mass market.

The resulting company had over 3.4 million subscribers, equivalent to approximately 7% of the wireless telecommunications market in Mexico.

The combined Iusacell and Unefon was the first wireless cellular service provider in the country with a third-generation platform (3G CDMA EVDO) that gave users access to a wide range of other telecommunications services and multimedia applications, making the mobile network an efficient vehicle for data transmission and value added services besides voice.

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