Embratel to acquire ATTL

4 Sep 2003

Corporate communications provider AT&T has made a deal to sell its troubled Latin American division, AT&T Latin America (ATTL) to Brazilian long-distance telco Embratel. The details of the transaction have not been disclosed but Embratel is expected to gain control of AT&T’s subsidiaries in Brazil, Argentina, Chile, Peru and Colombia by March 2004.