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Mexico: Alfa completes acquisition of AT&T’s shares in Alestra

Alfa and AT&T Inc. announced on July 12 that Alfa had finalized its purchase of AT&T’s 49% stake in Mexican telecom company Alestra. The transaction was originally announced in April 2011. Now, Alfa is now the sole shareholder of Alestra.

The transaction was approved by regulatory authorities in Mexico. The amount of the transaction was not disclosed.

Alfa is a Mexican company comprising four business groups: Alpek (petrochemicals), Nemak (high-tech aluminum auto components), Sigma (refrigerated food) and Alestra (telecommunications). For 2010, Alfa reported revenues of US$ 10.8 billion, and earnings before interest, taxes, depreciation and amortization (EBITDA) of US$ 1.26 billion.

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Roberta Prescott
Roberta Prescott
Editor, Americasrprescott@rcrwireless.com Roberta Prescott is responsible for Latin America reporting news and analysis, interviewing key stakeholders. Roberta has worked as an IT and telecommunication journalist since March 2005, when she started as a reporter with InformationWeek Brasil magazine and its website IT Web. In July 2006, Prescott was promoted to be the editor-in-chief, and, beyond the magazine and website, was in charge for all ICT products, such as IT events and CIO awards. In mid-2010, she was promoted to the position of executive editor, with responsibility for all the editorial products and content of IT Mídia. Prescott has worked as a journalist since 1998 and has three journalism prizes. In 2009, she won, along with InformationWeek Brasil team, the press prize 11th Prêmio Imprensa Embratel. In 2008, she won the 7th Unisys Journalism Prize and in 2006 was the editor-in-chief when InformationWeek Brasil won the 20th media award Prêmio Veículos de Comunicação. She graduated in Journalism by the Pontifícia Universidade Católica de Campinas, has done specialization in journalism at the Universidad de Navarra (Spain, 2003) and Master in Journalism at IICS – Universidad de Navarra (Brazil, 2010) and MBA – Executive Education at the Getulio Vargas Foundation.