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AT&T to buy Nextel Mexico from NII Holdings

AT&T (NYSE:T) agrees to acquire Nextel Mexico from NII Holdings and its network of ~76M people in the Mexican wireless network for $1.875B.
AT&T plans to integrate Nextel Mexico with Iusacell, which AT&T agreed to buy last year in a deal valued at $2.5B at the time.
The acquisition is subject to a bankruptcy auction and approvals by the U.S. Bankruptcy Court for the Southern District of New York, which is currently overseeing the restructuring of NII Holdings; the deal also is subject to regulatory approval by Mexico's telecom regulator.