Alfa to grab AT&T’s 49% holding in Alestra

18 Apr 2011

US-based AT&T has agreed to sell its 49% holding in Mexican alternative fixed line operator Alestra to its partner in the operator, local conglomerate Alfa. According to Bloomberg, the move comes as part of AT&T’s strategy to provide services directly to clients, and it has been revealed that the American company will take control of the accounts of a ‘handful’ of multinational clients under the terms of the deal. The transaction is expected to be completed by the end of June 2011, subject to regulatory approval, while no financial details of the agreement between AT&T and Alfa have been disclosed.

The US company has, however, said that it expects to keep working with Alestra to provide telephony services to clients, while Alestra CEO Rolando Zubiran noted: ‘We are maintaining and sustaining our current commercial agreements with AT&T … We do not expect any significant impact on this year’s results.’

Mexico, Alestra (incl. Alestra Movil), AT&T