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AT&T announced the completion of its Nextel Mexico, including the company’s spectrum licenses, network assets, retail stores and subscribers in Mexico.

The deal, valued at $1.875 billion after about $427 million of adjustments, will merge Nextel Mexico with Iusacell, another Mexico carrier that AT&T acquired for $2.5 billion earlier this year.

With the combined presence in Mexico, AT&T intends to create a “North American mobile service area” capable of covering more than 400 million customers in the United States and Mexico.

AT&T put Thaddeus Arroyo, CEO of AT&T Mexico, in charge of the combined company.

The North American mobile service area idea has already begun to materialize partially as AT&T has added unlimited calls to Mexico to many of its plans.

AT&T’s move into the Mexican wireless market just as dominant incumbent carrier America Movil has been divesting its wireless assets in accordance with new regulations. Part of that included AT&T selling its stake in the company for $5.57 billion to Carlos Slim.

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