US telco AT&T would not dismiss M&A opportunities in Mexico and other parts of Latin America, even as it seeks regulatory approval for its planned US$48.5 billion acquisition of DirecTV, according to chief strategy officer John Stankey.
Stankey said at…
US telco AT&T would not dismiss M&A opportunities in Mexico and other parts of Latin America, even as it seeks regulatory approval for its planned US$48.5 billion acquisition of DirecTV, according to chief strategy officer John Stankey.
Stankey said at an investor conference that the company is “intrigued” by Mexico and Latin America in general and would not rule out carrying out other acquisitions while it finalises the takeover of pan-American DTH operator DirecTV, which holds a 41.3% stake in Sky Mexico, according to a Bloomberg report.
His comments follow an earlier report quoting a source familiar with the situation as saying Carlos Slim’s America Movil is holding talks with potential bidders to discuss the sale of US$17.5bn worth of assets along the east coast of Mexico.
AT&T was named among the potential suitors.
Mitusbishi UFJ executive director Rick Mattila said recently that AT&T should not have trouble funding an acquisiton of America Movil assets, but such a move would be looked upon as a declaration of its intentions concerning Latin America.
America Movil, which controls 70% of the Mexican mobile market and 80% of the fixed line segment, is required to sell some assets in the country to lower its market share in compliance with changes to the country’s telecoms laws.
