AT&T considers selling-off its Mexican business
Bloomberg reported discussions are ongoing as a final decision is yet to be made. It also stated there's no guarantee AT&T will find a buyer.
A representative for AT&T told Mobile World Live the company does not comment on rumours or speculation.
In 2014, AT&T paid $2.5 billion to buy Mexican mobile operator Iusacell from Grupo Salinas and then announced a $1.9 billion deal to acquire the Mexican business of NII Holdings a year later.
The news agency stated AT&T has about 18 per cent of the mobile market share in Mexico, compared to Telcel's 64 per cent. Telcel is part of Mexico-based America Movil which is controlled by Slim and his family.
Bloomberg noted AT&T has invested more than $10 billion in Mexico. As of December 2024, it had more than 23 million total subscribers.
During last month's Q2 earnings, the mobile operator reported revenue in its Latin America division was down 4.4 per cent year-over-year to $1 billion.
Source: Mobile World Live
Image Credit: AT&T
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
an hour ago
- Zawya
SUNRATE Secures Payment Business Licence In China
SINGAPORE - Media OutReach Newswire - 15 August 2025 - SUNRATE, the global payment and treasury management platform, today announced it has secured a payment business licence in China following its successful acquisition of a 100% stake in Transfar Pay, a unit of Shenzhen-listed Transfar Group. The RMB 315 million (USD 43.8 million) acquisition has received approval from relevant Chinese regulatory authorities. This transaction had been previously announced by the Transfer Group in an exchange filing dated April 1, 2025. "This acquisition represents a strategic step in SUNRATE's ongoing commitment to enhancing our global licensing framework and ensuring compliant operations in all jurisdictions, whether through direct licensing or strategic partnerships," said Paul Meng, co-founder at SUNRATE. With the addition of this licence, SUNRATE gains greater access to one of the world's most important and dynamic markets. This further complements SUNRATE's regulatory presence in key jurisdictions including Singapore, Hong Kong SAR, the United Kingdom, and Indonesia, with further regulatory milestones in other jurisdictions to be announced in due course. Hashtag: #SUNRATE The issuer is solely responsible for the content of this announcement. About SUNRATE SUNRATE is a global payment and treasury management platform for businesses worldwide. Since its inception in 2016, SUNRATE has been recognised as a leading solution provider and has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge proprietary platform, extensive global network, and robust APIs. With its global business headquarters in Singapore and offices in Hong Kong, Jakarta, London, and Shanghai, SUNRATE partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays, J.P. Morgan and is the principal member of both Mastercard and Visa. To learn more about SUNRATE, visit SUNRATE
Zawya
7 hours ago
- Zawya
Berkshire invests in UnitedHealth, trims Apple stake
Warren Buffett's Berkshire Hathaway disclosed on Thursday a new investment in UnitedHealth Group after the insurer became a target for many Americans upset over the direction of the nation's healthcare. Berkshire said it owned 5.04 million UnitedHealth shares worth about $1.57 billion as of June 30. The disclosure came in a U.S. Securities and Exchange Commission filing detailing Berkshire's U.S.-listed common stock holdings as of June 30. UnitedHealth shares soared 8.5% in after-hours trading. Buffett's conglomerate also said it sold 20 million shares of iPhone maker Apple in the second quarter, reducing its largest stock holding to 280 million shares, and cut back another major holding, Bank of America. Berkshire also boosted its bet on home builders, revealing a new stake in DR Horton and significantly larger stake in Lennar. The filing also disclosed new Berkshire investments in security products provider Allegion, outdoor advertiser Lamar Advertising and steel maker Nucor It is not clear whether Buffett, his portfolio managers Todd Combs and Ted Weschler, or future Chief Executive Greg Abel are behind individual purchases and sales. But stock prices often rise when Berkshire makes purchases because investors view them as a seal of approval from Buffett. DR Horton, Lennar, Allegion, Lamar and Nucor also rose in after-hours trading. TAPEWORM Shares of UnitedHealth, part of the Dow Jones industrial average, had through Thursday fallen 46% this year amid rising costs, a U.S. Department of Justice probe related to its billing practices, a cyberattack, and the shooting death of former top executive Brian Thompson last December. Buffett has called high health care costs a "tapeworm" that limits economic growth, and with JPMorgan Chase's Jamie Dimon and Jeff Bezos tried unsuccessfully to improve healthcare for their companies' employees. Their joint venture, Haven, shut down after three years in 2021. UnitedHealth did not immediately respond to requests for comment on Berkshire's investment. The Apple sales, Berkshire's first since the third quarter of 2024, further reduced what was once a 905 million share stake, but do not signal a full-blown retreat from the stock. Apple shares were little changed after hours. Despite the new purchases, Berkshire sold $3 billion more stocks than it bought between April and June, the 11th straight quarter it was a net seller of stocks. It ended June with $344.1 billion of cash and equivalents. Other changes in Thursday's filing included larger stakes in oil company Chevron, alcoholic beverages maker Constellation Brands and Domino's Pizza, and exiting a stake in wireless network operator T-Mobile. Berkshire also revealed it had been buying DR Horton, Lennar and Nucor stock before April, but the SEC let it keep the purchases confidential so investors would not try to piggyback. Based in Omaha, Nebraska, Berkshire also owns close to 200 businesses including Geico car insurance, the BNSF railroad, and many energy, industrial, retail and service companies. Buffett turns 95 on August 30. He is expected to remain Berkshire's chairman after Abel, 63, becomes chief executive on January 1, 2026. (Reporting by Jonathan Stempel in New York; Additional reporting by Christy Santhosh in Bengaluru; Editing by Richard Chang and Stephen Coates)
Tahawul Tech
7 hours ago
- Tahawul Tech
Verizon outlines gap between AI efficiency and customer satisfaction
Verizon's annual insights report reveals there is a significant gap between internal efficiency gains and consumer satisfaction in AI-augmented customer experience (CX). Operators such as AT&T and Verizon are implementing AI and generative AI to improve customer support for tasks including managing upgrades, adding new lines and asking billing questions before the intervention of customer service representatives. However, the report argued the future of CX lies in combining the technology with human interaction to enhance empathy and address customer frustrations effectively. Indeed, Verizon's survey found that 88 per cent of consumers feel satisfied with interactions handled mostly or entirely by human agents, while only 60 per cent share the same sentiment about AI-powered interactions. The study noted that this preference 'highlights a fundamental truth: AI's efficiency cannot replace the empathy and trust that a human provides'. In addition, 47 per cent of consumers are most aggrieved by the inability to reach a human agent during automated interactions, a concern executives also flagged as the top complaint for AI-enabled services. Despite personalisation being a key AI use case, 30 per cent of consumers expressed it detracts from their experience, while 26 per cent perceive it as an improvement. Data privacy also remains a pressing concern as 65 per cent of executives stated that regulations limit their ability to use AI for personalisation. The issue also remains critical for consumers, as 54 per cent reported declining trust in companies using their personal data appropriately. Daniel Lawson, SVP of global solutions at Verizon Business, stated the future of CX isn't about AI replacing humans, but 'about using AI to make human interactions better'. The report conducted by Longitude is based on a survey of 5,000 consumers and 500 senior business executives across the US, Australia, Japan, UK, France, Germany and the Netherlands. Source: Mobile World Live Image Credit: Stock Image
