AT&T to invest about US$3 billion in Mexico

AT&T Chairman and CEO, Randall Stephenson, met with President Enrique Peña Nieto to announce  that AT&T plans to invest approximately US$3 billion to extend its high-speed, mobile Internet service to Mexico, covering 100 million people in Mexico by year-end 2018. 

"We are building a network in Mexico that is capable of bringing innovation and economic vitality to the country, just as we have done in the U.S." Stephenson said.

"We plan to deliver high-quality, high-speed mobile Internet service to Mexico, creating the first-ever North American Mobile Service Area covering 400 million people and businesses in Mexico and the U.S. This seamless network will link together our two countries' economies, people and cultures like never before" he added. 

He also said that the reforms introduced by President Peña Nieto, with support from the Mexican Congress and IFETEL, have given them the ability to invest in building an advanced mobile network in Mexico.

AT&T expects the first phase of its state-of-the-art, high-speed mobile network will be complete in the next six months and cover 40 million Mexicans, about one-third of the population.