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AT&T to Expand in Latin America With America Movil Deal

AT&T expands to 15 Latin American countries


AT&T TAT&T (T) is planning to expand its services to include 15 Latin American countries through a deal with America Movil (AMOV, AMX).

The expansion will bring AT&T’s services to Argentina, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru and Uruguay. The services will be available through America Movil’s network. AT&T and America Movil have a long history together. America Movil hold around a 9% stake in AT&T and has executives on the company’s board of directors, reports Reuters.

The expansion deal will allow AT&T to use 91,000 miles of America Movil’s fiber optic network in the region, as well as the use of 12 of the companies data centers located in Latin America.

Article printed from InvestorPlace Media,

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