Mexico City.- AT&T works with advisors to sell its unit in Mexico, an operation that could exceed 2 billion dollars, according to the Bloomberg News agency.
The company based in Dallas explores sale options, after more than a decade trying to compete without success against Telcel, the telecommunications group operator of Carlos Slim.
An AT&T spokesperson refused to comment with Bloomberg about it, while the agency’s sources requested anonymity because they were confidential information.
Bloomberg recalled that reforms in the telecommunications sector in Mexico during the last decade generated expectations that international companies could challenge Slim leadership in the market.
In 2014, AT&T bought Iusacell from businessman Ricardo Salinas for $ 2.5 billion, and shortly after the Nii Holdings wireless operations were made for almost 1.9 billion dollars.
But despite having invested more than 10,000 million dollars in Mexico, AT&T participation in the country’s mobile market is reduced in front of Telcel’s domain.
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