Reuters: Technology News: AT&T to expand in Latin America with America Movil deal

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AT&T to expand in Latin America with America Movil deal Sep 18th 2013, 03:06 Tweet Share this Email Print Related Topics Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » An At&T logo is seen atop a store in Beverly Hills, California August 31, 2011. Credit: Reuters/Danny Moloshok NEW YORK | Tue Sep 17, 2013 11:06pm EDT NEW YORK (Reuters) - AT&T Inc is planning to announce on Wednesday that it will expand its Latin American reach for business customers through a collaboration with Mexican billionaire Carlos Slim's America Movil. AT&T will be able to do business in 15 countries, including Argentina, Chile and Colombia, through connections with America Movil networks, according to a representative for AT&T. Terms of the agreement were not disclosed. The deal will also extend AT&T's reach to Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru and Uruguay. Previously, AT&T's Latin American focus was primarily on Mexico and Brazil. AT&T has a long-standing relationship with America Movil and the U.S. company holds a roughly 9 percent stake in the company and has executives on its board of directors. Since AT&T has been exploring possibilities for expanding in Europe and America Movil has a presence there, some analysts have speculated the companies could combine forces in Europe. (Reporting by Sinead Carew; Editing by Nick Zieminski) Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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