AT&T CEO Stephenson: We're not looking to buy assets belonging to América Móvil
AT&T's goal is to offer one extensive North American wireless market from the U.S. south to Mexico. Once the two acquisitions close, AT&T's signal will cover 160 million POPs in Mexico.
A new antitrust law passed in Mexico during the summer, means that América Móvil will have to shed some assets to get its share under 50% of the wireless market. Currently, it owns a 70% slice of the wireless pie in the country. AT&T would seem a likely candidate to purchase what América Móvil is selling. But that is not the case.
AT&T CEO Randall Stephenson says that the carrier already has plenty of balls in the air, including the two acquisitions in Mexico and its huge $48.5 billion transaction that will bring DirecTV into AT&T's fold. That deal is expected to close in the first half of this year. Stephenson called the Iusacell and NII situations "unique." The executive also said that "We've bitten off more than we can chew right now and you'll see us focused on what we've consummated to date."