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AT&T Inc. to Acquire Nextel Mexico (T)

On Monday morning, AT&T (T ) announced that it has entered into an agreement with NII Holdings to acquire NII’s wireless business in Mexico.

AT&T has agreed to purchase NII Holdings’ wireless business in Mexico for $1.875 billion, less the outstanding net debt of the business. Under this agreement, AT&T will acquire all companies that operate under Nextel Mexico. The transition is subject to a bankruptcy auction and approval by the U.S. Bankruptcy Court.

This deal will help AT&T expand its mobile internet business in Mexico.

Stock Performance

Shares of T were mostly flat during pre-market trading Monday.

GWW Dividend Snapshot

As of market close on January 23, 2015

T dividend yield annual payout payout ratio dividend growth

Click here to see the complete history of T dividends.

The Bottom Line

AT&T Inc. (T ) is recommended at this time, holding a DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.