Viva Mexico! AT&T Strategy Gets Analysts’ Thumbs Up
AT&T’s (T) foray into Mexico is getting upbeat views from Wall Street analysts, though it might take a few years for AT&T to get paid back for its investments. Some analysts question whether Brazil is also on AT&T’s wireless roadmap. AT&T in November agreed to buy Mexico’s No. 3 wireless firm, Iusacell, for $1.7 billion. Iusacell, with 8.6 million subscribers, offers service to 70% of the population. In January, AT&T announced that it would buy