AT&T's Stephenson: It will take 18 months to build out 'robust' LTE coverage in Mexico
May 18, 2015
AT&T (NYSE: T) CEO Randall Stephenson said it will likely be around 18 months before AT&T can deliver a truly strong LTE data experience beyond urban areas in Mexico. The AT&T chief said though that he is confident AT&T can ride the wave of mobile data growth that the carrier expects from Mexico's burgeoning middle class.
Speaking at the J.P. Morgan Global Technology, Media and Telecom Conference, Stephenson said it "will take 18 months before you have a really good, robust LTE experience" with "broad, ubiquitous coverage" in Mexico. He said AT&T will move quickly to deploy LTE in urban areas and on highways, but in more rural areas and popular vacation spots it will take some time.
AT&T closed its $1.88 billion deal for Nextel Mexico at the end of April, a few months after it closed a $2.5 billion deal to purchase Mexican wireless carrier Iusacell.