Mexican Holding Company Alfa Acquires AT&T’s Stake In Alestra
Alfa SAB de CV (MXK:ALFAA) has acquired stake in Alestra from AT&T Inc. (NYSE:T). AT&T sold their 49% stake in telecommunications company Alestra to Alfa. Now Alfa has 100% ownership.
“Increasing our stake in Alestra will give us the opportunity to strengthen our strategy based on advanced IT and telecommunications solutions with an emphasis on the new generation of cloud services for the Mexican enterprise market and will open up additional strategic options for us,” stated Alfa SVP for development Alejandro Elizondo.
[WSJ]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry